Abel Hall LLC Has $377,000 Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Abel Hall LLC decreased its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,303 shares of the software maker’s stock after selling 336 shares during the quarter. Abel Hall LLC’s holdings in MicroStrategy were worth $377,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Synergy Asset Management LLC increased its holdings in shares of MicroStrategy by 117.5% in the fourth quarter. Synergy Asset Management LLC now owns 19,384 shares of the software maker’s stock valued at $5,614,000 after purchasing an additional 10,473 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its position in MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after buying an additional 55 shares during the last quarter. Forsta AP Fonden increased its stake in shares of MicroStrategy by 12.5% in the 4th quarter. Forsta AP Fonden now owns 37,800 shares of the software maker’s stock valued at $10,948,000 after buying an additional 4,200 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of MicroStrategy during the fourth quarter worth $16,980,000. Finally, SteelPeak Wealth LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at $280,000. 59.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last three months. 9.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday. They set an “outperform” rating and a $515.00 price target for the company. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Trading Up 1.6 %

NASDAQ:MSTR opened at $341.25 on Thursday. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00. The business has a 50 day moving average price of $362.51 and a two-hundred day moving average price of $247.80. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.