Smith Anglin Financial LLC Invests $508,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Smith Anglin Financial LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,756 shares of the software maker's stock, valued at approximately $508,000.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MicroStrategy during the second quarter worth $106,000. Semmax Financial Advisors Inc. increased its holdings in MicroStrategy by 900.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock worth $138,000 after purchasing an additional 90 shares during the period. Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after purchasing an additional 39 shares during the period. UMB Bank n.a. raised its position in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of MicroStrategy by 2,900.0% in 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. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company's stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last ninety days. 13.18% of the stock is currently owned by company insiders.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $18.45 during mid-day trading on Wednesday, hitting $360.62. 19,701,148 shares of the stock were exchanged, compared to its average volume of 20,294,309. The stock's fifty day simple moving average is $357.37 and its two-hundred day simple moving average is $230.42. 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 Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The stock has a market capitalization of $86.42 billion, a price-to-earnings ratio of -171.15 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS 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 analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company's quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm earned ($8.98) EPS.

Analyst Upgrades and Downgrades

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

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.