4,100 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Independent Family Office LLC

Independent Family Office LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the software maker's stock, valued at approximately $691,000.

A number of other institutional investors also recently modified their holdings of the company. Investment Management Corp of Ontario raised its stake in shares of MicroStrategy by 1,633.3% in the third quarter. Investment Management Corp of Ontario now owns 5,200 shares of the software maker's stock worth $877,000 after acquiring an additional 4,900 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of MicroStrategy in the third quarter valued at approximately $3,709,000. Janus Henderson Group PLC raised its position in MicroStrategy by 1,362.5% in the 3rd quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker's stock worth $1,973,000 after purchasing an additional 10,900 shares during the last quarter. Hilltop Holdings Inc. lifted its holdings in MicroStrategy by 708.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 7,400 shares of the software maker's stock worth $1,248,000 after buying an additional 6,485 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its position in MicroStrategy by 1,005.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock valued at $443,000 after buying an additional 2,392 shares during the last quarter. Institutional investors own 72.03% of the company's stock.

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is owned by company insiders.

Analyst Ratings Changes

MSTR has been the subject of a number of recent research reports. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research 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. Maxim Group upped their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Benchmark lifted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $479.25.

MicroStrategy Stock Performance

NASDAQ:MSTR traded down $6.87 during trading hours on Tuesday, hitting $373.43. The stock had a trading volume of 22,749,266 shares, compared to its average volume of 18,512,191. The business's 50 day moving average is $262.97 and its 200-day moving average is $187.26. 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 Incorporated has a one year low of $43.87 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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 period in the previous year, the business posted ($8.98) EPS. The business's quarterly revenue 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.