BNC Wealth Management LLC Makes New $898,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

BNC Wealth Management LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,099 shares of the software maker's stock, valued at approximately $898,000.

Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy in the 3rd quarter valued at approximately $254,000. Wellington Management Group LLP raised its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. US Bancorp DE raised its holdings in MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after buying an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC raised its holdings in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 completion of the sale, the chief financial officer now owns 12,080 shares of the company's stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company's stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last quarter. 9.16% of the stock is currently owned by company insiders.

MicroStrategy Trading Up 8.0 %

MicroStrategy stock traded up $29.50 during mid-day trading on Friday, hitting $396.50. 24,214,007 shares of the stock were exchanged, compared to its average volume of 19,841,848. The stock has a market capitalization of $95.02 billion, a price-to-earnings ratio of -188.18 and a beta of 3.25. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm's fifty day simple moving average is $363.86 and its two-hundred day simple moving average is $235.52.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced 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). The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business earned ($8.98) EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MSTR shares. Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research raised their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Canaccord Genuity Group raised 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. Finally, Maxim Group raised 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 investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.