Comprehensive Financial Consultants Institutional Inc. Acquires 3,972 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Comprehensive Financial Consultants Institutional Inc. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 973.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,380 shares of the software maker's stock after buying an additional 3,972 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.'s holdings in MicroStrategy were worth $738,000 at the end of the most recent quarter.

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

MicroStrategy Price Performance

NASDAQ:MSTR traded down $0.15 on Friday, hitting $270.66. The company had a trading volume of 18,577,238 shares, compared to its average volume of 16,709,773. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $48.01 billion, a price-to-earnings ratio of -131.40 and a beta of 3.05. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $280.80. The firm has a 50 day moving average of $180.47 and a two-hundred day moving average of $157.04.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm's quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned ($8.98) EPS.

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,788 shares of company stock valued at $29,895,333. Corporate insiders own 13.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MSTR shares. Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. 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 report on Monday, October 21st. Sanford C. Bernstein reduced their target price on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Benchmark upped their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group lifted their price target on MicroStrategy from $173.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $271.13.

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.