Accurate Wealth Management LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Accurate Wealth Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 833 shares of the software maker's stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in MicroStrategy in the second quarter worth approximately $106,000. Magnetar Financial LLC grew its stake in shares of MicroStrategy by 31.6% in the 2nd quarter. Magnetar Financial LLC now owns 337 shares of the software maker's stock valued at $464,000 after buying an additional 81 shares during the period. Newbridge Financial Services Group Inc. increased its stake in MicroStrategy by 10.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker's stock valued at $1,222,000 after purchasing an additional 87 shares in the last quarter. Finally, Semmax Financial Advisors Inc. raised its stake in shares of MicroStrategy by 900.0% in the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock worth $138,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

MicroStrategy Stock Performance

MSTR traded up $29.50 on Friday, reaching $396.50. 24,114,642 shares of the stock were exchanged, compared to its average volume of 20,163,744. The company's 50-day moving average price is $361.34 and its 200 day moving average price is $232.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company earned ($8.98) EPS. The firm's revenue for the quarter was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred 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. This represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were 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 of the company's stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last 90 days. Corporate insiders own 9.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MSTR shares. Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy 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.