MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,429 shares of the software maker's stock after buying an additional 3,303 shares during the period. Brookstone Capital Management's holdings in MicroStrategy were worth $3,889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. raised its position in shares of MicroStrategy by 20.8% in the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker's stock valued at $2,890,000 after buying an additional 361 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in MicroStrategy during the second quarter worth approximately $2,157,000. Dai ichi Life Insurance Company Ltd purchased a new stake in MicroStrategy in the 2nd quarter worth approximately $826,000. Rathbones Group PLC raised its holdings in MicroStrategy by 18.5% in the 2nd quarter. Rathbones Group PLC now owns 826 shares of the software maker's stock valued at $1,138,000 after acquiring an additional 129 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of MicroStrategy by 159.7% during the 2nd quarter. Edgestream Partners L.P. now owns 470 shares of the software maker's stock worth $647,000 after purchasing an additional 289 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares of the company's stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 13.18% of the company's stock.

MicroStrategy Stock Up 4.2 %

Shares of NASDAQ:MSTR opened at $342.17 on Wednesday. The stock has a 50-day simple moving average of $355.08 and a 200-day simple moving average of $228.98. The stock has a market capitalization of $82.00 billion, a P/E ratio of -162.40 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. 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 (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analysts' expectations of $121.45 million. During the same quarter in the prior year, the firm earned ($8.98) earnings per share. MicroStrategy's quarterly revenue was down 10.3% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MSTR shares. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $479.25.

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.