MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC decreased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 57.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,297 shares of the software maker's stock after selling 3,142 shares during the period. SeaCrest Wealth Management LLC's holdings in MicroStrategy were worth $665,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted 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 valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy in the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its stake 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 buying an additional 153 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 56,250 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 9.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSTR shares. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $29.50 during trading hours on Friday, reaching $396.50. 24,185,834 shares of the company traded hands, compared to its average volume of 20,163,744. The firm has a 50-day moving average price of $361.34 and a 200 day moving average price of $232.27. The company has a market cap of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00.

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

MicroStrategy 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.