Apollon Wealth Management LLC Grows Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Apollon Wealth Management LLC lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,384.8% during the third quarter, Holdings Channel.com reports. The firm owned 19,391 shares of the software maker’s stock after acquiring an additional 18,085 shares during the period. Apollon Wealth Management LLC’s holdings in MicroStrategy were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MSTR. Capital International Investors grew its position in MicroStrategy by 14.9% during the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares during the period. Vanguard Group Inc. grew its position in shares of MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares during the period. National Pension Service increased its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 220,500 shares in the last quarter. International Assets Investment Management LLC raised its holdings in MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after purchasing an additional 238,463 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in MicroStrategy by 827.3% during the third quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock worth $38,025,000 after purchasing an additional 201,210 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $356.59 on Wednesday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $360.89. The stock has a market cap of $72.26 billion, a PE ratio of -169.24 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. The stock has a 50 day moving average price of $192.07 and a 200 day moving average price of $161.52.

MicroStrategy (NASDAQ:MSTR) last issued its 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 company had revenue of $116.07 million during 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 firm’s revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business earned ($8.98) earnings per share.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. Barclays increased their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Maxim Group boosted their target price 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. TD Cowen upped their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein lowered their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. 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 an average price target of $271.13.

Insiders Place Their Bets

In other news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,788 shares of company stock valued at $29,895,333 over the last ninety days. Company insiders own 13.18% of the company’s stock.

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.