Kestra Private Wealth Services LLC Buys 3,590 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Kestra Private Wealth Services LLC lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 69.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,737 shares of the software maker's stock after buying an additional 3,590 shares during the quarter. Kestra Private Wealth Services LLC's holdings in MicroStrategy were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MSTR. Howland Capital Management LLC bought a new position in MicroStrategy in the 4th quarter worth approximately $203,000. Empowered Funds LLC grew its stake in shares of MicroStrategy by 27.4% in the fourth quarter. Empowered Funds LLC now owns 3,326 shares of the software maker's stock worth $963,000 after acquiring an additional 716 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of MicroStrategy in the fourth quarter worth $235,000. Wilmington Savings Fund Society FSB increased its position in MicroStrategy by 957.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,057 shares of the software maker's stock worth $306,000 after acquiring an additional 957 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in MicroStrategy by 65.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 6,317 shares of the software maker's stock valued at $1,830,000 after purchasing an additional 2,507 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Buying and Selling at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,050 shares of company stock worth $9,689,930. Company insiders own 9.16% of the company's stock.

MicroStrategy Price Performance

Shares of MSTR stock traded up $7.36 during trading hours on Wednesday, hitting $326.82. 9,797,024 shares of the company's stock were exchanged, compared to its average volume of 17,304,430. MicroStrategy Incorporated has a 52 week low of $65.56 and a 52 week high of $543.00. The stock has a market cap of $78.32 billion, a price-to-earnings ratio of -58.02 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock's 50-day moving average is $353.08 and its 200-day moving average is $258.97.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSTR. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. BTIG Research upped their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Benchmark restated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.

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.