B & T Capital Management DBA Alpha Capital Management Cuts Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

B & T Capital Management DBA Alpha Capital Management reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 46.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,271 shares of the software maker's stock after selling 3,639 shares during the period. B & T Capital Management DBA Alpha Capital Management's holdings in MicroStrategy were worth $1,237,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in MicroStrategy in the third quarter worth $27,000. Sunbelt Securities Inc. lifted its stake in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after purchasing an additional 153 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

MicroStrategy Stock Up 8.0 %

NASDAQ:MSTR traded up $29.50 during mid-day trading on Friday, hitting $396.50. 24,214,007 shares of the company's stock were exchanged, compared to its average volume of 19,841,848. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $363.86 and a 200 day moving average price of $234.79. The company has a market cap of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MSTR shares. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Barclays boosted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy presently has an average rating of "Moderate Buy" and a consensus target price of $479.25.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company's stock.

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.