Avior Wealth Management LLC Acquires 7,892 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Avior Wealth Management LLC raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 832.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,840 shares of the software maker's stock after purchasing an additional 7,892 shares during the period. Avior Wealth Management LLC's holdings in MicroStrategy were worth $1,491,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC grew its position in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker's stock valued at $69,000 after purchasing an additional 6 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker's stock worth $41,000 after buying an additional 8 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker's stock valued at $226,000 after buying an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker's stock valued at $551,000 after buying an additional 11 shares during the last quarter. Finally, Dakota Wealth Management increased its position in shares of MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker's stock valued at $6,219,000 after acquiring an additional 15 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $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. Over the last quarter, insiders have sold 82,000 shares of company stock valued at $23,231,977. 13.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. Canaccord Genuity Group increased their target price on MicroStrategy from $173.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Barclays increased their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. TD Cowen boosted their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein dropped their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $331.13.

MicroStrategy Trading Up 10.1 %

Shares of MSTR stock opened at $473.83 on Thursday. The stock has a fifty day simple moving average of $222.94 and a two-hundred day simple moving average of $172.36. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $504.83. The firm has a market capitalization of $96.02 billion, a PE ratio of -224.88 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the business posted ($8.98) EPS. The firm'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.