Sanctuary Advisors LLC Acquires 14,011 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Sanctuary Advisors LLC boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 3,250.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,442 shares of the software maker's stock after acquiring an additional 14,011 shares during the quarter. Sanctuary Advisors LLC's holdings in MicroStrategy were worth $2,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at about $395,000. Nisa Investment Advisors LLC raised its position in MicroStrategy by 246.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,660 shares of the software maker's stock worth $2,287,000 after acquiring an additional 1,181 shares during the period. Traphagen Investment Advisors LLC purchased a new position in shares of MicroStrategy during the 2nd quarter worth $357,000. Farrell Financial LLC grew its position in shares of MicroStrategy by 23.2% during the 2nd quarter. Farrell Financial LLC now owns 218 shares of the software maker's stock valued at $300,000 after acquiring an additional 41 shares during the period. Finally, Capital Wealth Alliance LLC grew its position in shares of MicroStrategy by 1.3% during the 2nd quarter. Capital Wealth Alliance LLC now owns 4,334 shares of the software maker's stock valued at $5,970,000 after acquiring an additional 56 shares during the period. Institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several analyst reports. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Benchmark lifted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a "buy" rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $479.25.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction 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 approximately $1,459,514.70. This represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last three months. Corporate insiders own 13.18% of the company's stock.

MicroStrategy Price Performance

MSTR traded down $36.78 during trading on Wednesday, reaching $349.64. 24,171,535 shares of the company traded hands, compared to its average volume of 18,875,863. The company has a market cap of $70.85 billion, a P/E ratio of -165.94 and a beta of 3.17. 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 Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The firm has a fifty day simple moving average of $315.16 and a 200 day simple moving average of $206.03.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 analysts' expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business's revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted ($8.98) earnings per share.

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.