MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Boosted by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 124.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,844 shares of the software maker’s stock after buying an additional 9,884 shares during the quarter. MicroStrategy comprises 0.7% of HHM Wealth Advisors LLC’s holdings, making the stock its 17th biggest position. HHM Wealth Advisors LLC’s holdings in MicroStrategy were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MSTR. Alterna Wealth Management Inc. acquired a new position in MicroStrategy during the fourth quarter worth about $220,000. GPS Wealth Strategies Group LLC boosted its position in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares in the last quarter. McAdam LLC acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $350,000. Greenleaf Trust raised its holdings in shares of MicroStrategy by 285.3% in the 4th quarter. Greenleaf Trust now owns 4,843 shares of the software maker’s stock worth $1,403,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Five Oceans Advisors bought a new stake in MicroStrategy during the fourth quarter worth approximately $1,867,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Stock Performance

MSTR opened at $334.79 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00. The stock has a fifty day moving average price of $359.82 and a 200 day moving average price of $250.87.

Analysts Set New Price Targets

Several research firms have issued reports on MSTR. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group upped their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Barclays boosted their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $483.22.

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.