Peapack Gladstone Financial Corp Has $396,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Peapack Gladstone Financial Corp grew its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 900.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,350 shares of the software maker's stock after acquiring an additional 2,115 shares during the quarter. Peapack Gladstone Financial Corp's holdings in MicroStrategy were worth $396,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of MicroStrategy by 900.0% during 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 shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Activity at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm'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 owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by company insiders.

MicroStrategy Trading Down 5.4 %

Shares of MicroStrategy stock traded down $22.08 during trading on Tuesday, reaching $386.42. 21,543,068 shares of the company were exchanged, compared to its average volume of 18,852,924. The business has a 50-day moving average price of $308.06 and a 200-day moving average price of $203.37. The firm has a market capitalization of $78.31 billion, a price-to-earnings ratio of -185.12 and a beta of 3.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy's quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($8.98) earnings per share.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MSTR shares. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group increased their price target 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. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.