Claro Advisors LLC Boosts Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Claro Advisors LLC grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 892.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,060 shares of the software maker's stock after buying an additional 4,550 shares during the quarter. Claro Advisors LLC's holdings in MicroStrategy were worth $853,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This represents a 31.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phong Le sold 1,252 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,954 shares of company stock valued at $30,553,037. Insiders own 13.18% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MSTR shares. TD Cowen upped their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 target price on the stock. Sanford C. Bernstein dropped their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 9th. Barclays upped their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $271.13.

MicroStrategy Stock Up 13.0 %

NASDAQ:MSTR traded up $44.14 during midday trading on Monday, reaching $384.79. 32,624,978 shares of the stock traded hands, compared to its average volume of 17,239,750. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $388.49. The business has a 50-day moving average of $210.03 and a two-hundred day moving average of $168.07. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $77.98 billion, a PE ratio of -182.36 and a beta of 3.05.

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

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.