Pacific Capital Wealth Advisors Inc. Increases Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Pacific Capital Wealth Advisors Inc. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 31.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,721 shares of the software maker's stock after purchasing an additional 6,800 shares during the period. MicroStrategy accounts for 1.4% of Pacific Capital Wealth Advisors Inc.'s portfolio, making the stock its 13th largest holding. Pacific Capital Wealth Advisors Inc.'s holdings in MicroStrategy were worth $8,318,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSTR. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MicroStrategy in the second quarter worth about $106,000. Versant Capital Management Inc lifted its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 during the period. AlphaMark Advisors LLC raised its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after buying an additional 145 shares during the period. Finally, Gordian Capital Singapore Pte Ltd lifted its position in MicroStrategy by 2,416.7% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the software maker's stock worth $208,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last 90 days. Company insiders own 9.16% of the company's stock.

MicroStrategy Stock Down 3.5 %

Shares of MSTR traded down $12.06 during midday trading on Tuesday, reaching $335.86. 11,328,585 shares of the stock were exchanged, compared to its average volume of 20,083,775. 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 company's 50 day moving average is $367.05 and its two-hundred day moving average is $245.76. The company has a market capitalization of $80.49 billion, a P/E ratio of -159.40 and a beta of 3.25. MicroStrategy Incorporated has a 52 week low of $46.75 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $116.07 million for the quarter, compared to analysts' expectations of $121.45 million. During the same period last year, the business posted ($8.98) EPS. The company's revenue for the quarter was down 10.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSTR shares. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Canaccord Genuity Group boosted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.