Whitener Capital Management Inc. Acquires Shares of 1,000 MicroStrategy Incorporated (NASDAQ:MSTR)

Whitener Capital Management Inc. purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,000 shares of the software maker's stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of MicroStrategy in the 2nd quarter valued at approximately $106,000. Semmax Financial Advisors Inc. boosted its stake in MicroStrategy by 900.0% during the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock worth $138,000 after acquiring an additional 90 shares in the last quarter. Versant Capital Management Inc grew its holdings in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after purchasing an additional 39 shares during the period. UMB Bank n.a. grew its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after buying an additional 135 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Insider Activity

In other news, CFO Andrew Kang sold 5,700 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction 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. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last quarter. Insiders own 9.16% of the company's stock.

MicroStrategy Price Performance

Shares of MSTR traded up $29.50 during trading hours on Friday, reaching $396.50. 24,214,007 shares of the stock traded hands, compared to its average volume of 19,841,848. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25. The company's 50-day moving average price is $363.86 and its two-hundred day moving average price is $234.79.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the company earned ($8.98) EPS. The business's revenue was down 10.3% on a year-over-year basis.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Canaccord Genuity Group boosted their price target on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

About MicroStrategy

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.