MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 688.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,348 shares of the software maker's stock after purchasing an additional 13,402 shares during the quarter. Howe & Rusling Inc.'s holdings in MicroStrategy were worth $2,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in MicroStrategy in the 3rd quarter valued at about $27,000. ST Germain D J Co. Inc. increased its holdings in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after purchasing an additional 153 shares during the period. Finally, Fairman Group LLC boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Fairman Group LLC now owns 200 shares of the software maker's stock valued at $34,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark lifted their price target on MicroStrategy from $300.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday. BTIG Research upped their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Barclays increased their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. 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 price target on the stock. Finally, TD Cowen upped their price target on shares of MicroStrategy from $200.00 to $300.00 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 issued a buy rating to the company's stock. According to MarketBeat, MicroStrategy currently has an average rating of "Moderate Buy" and a consensus target price of $289.88.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR traded up $43.29 during trading on Wednesday, reaching $473.83. 68,588,133 shares of the stock were exchanged, compared to its average volume of 17,618,684. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $504.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $216.04 and a 200-day moving average price of $170.24. The firm has a market cap of $96.02 billion, a PE ratio of -235.77 and a beta of 3.05.

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). 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 the consensus estimate of $121.45 million. During the same quarter in the previous year, the business earned ($8.98) earnings per share. The firm's revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Activity at MicroStrategy

In other news, CEO Phong Le sold 50,000 shares of the business's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. The trade was a 79.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the business's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value 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 trade represents a 31.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,000 shares of company stock worth $30,569,577. 13.18% of the stock is owned by insiders.

MicroStrategy Company 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.