Moors & Cabot Inc. Acquires 46,149 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Moors & Cabot Inc. increased its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 924.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,140 shares of the software maker's stock after purchasing an additional 46,149 shares during the quarter. Moors & Cabot Inc.'s holdings in MicroStrategy were worth $8,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSTR. EagleClaw Capital Managment LLC increased its position in MicroStrategy by 900.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 27,440 shares of the software maker's stock valued at $4,626,000 after buying an additional 24,696 shares in the last quarter. Darwin Wealth Management LLC bought a new position in MicroStrategy during the 3rd quarter valued at approximately $32,000. MTM Investment Management LLC increased its position in MicroStrategy by 839.8% during the 3rd quarter. MTM Investment Management LLC now owns 9,840 shares of the software maker's stock valued at $1,737,000 after buying an additional 8,793 shares in the last quarter. EULAV Asset Management increased its position in MicroStrategy by 969.8% during the 3rd quarter. EULAV Asset Management now owns 138,000 shares of the software maker's stock valued at $23,267,000 after buying an additional 125,100 shares in the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of MicroStrategy by 688.7% in the 3rd quarter. Howe & Rusling Inc. now owns 15,348 shares of the software maker's stock worth $2,588,000 after purchasing an additional 13,402 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company's stock.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $43.29 on Wednesday, reaching $473.83. The stock had a trading volume of 69,788,740 shares, compared to its average volume of 17,622,701. The stock has a market cap of $96.02 billion, a P/E ratio of -224.88 and a beta of 3.05. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $504.83. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day simple moving average of $222.94 and a 200 day simple moving average of $172.36.

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

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company's stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,000 shares of company stock worth $30,569,577. Corporate insiders own 13.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MSTR shares. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 target price for the company. Canaccord Genuity Group lifted their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. BTIG Research lifted their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, October 21st. TD Cowen lifted their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein reduced their target price on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of "Moderate Buy" and an average target price of $289.88.

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.