Souders Financial Advisors Invests $844,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Souders Financial Advisors bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to its most recent filing with the SEC. The firm bought 5,006 shares of the software maker’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy during the 1st quarter worth about $58,000. Sei Investments Co. raised its stake in shares of MicroStrategy by 36.3% in the first quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after purchasing an additional 153 shares in the last quarter. ProShare Advisors LLC lifted its position in MicroStrategy by 31.2% in the first quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock worth $5,347,000 after purchasing an additional 746 shares during the period. Wealthquest Corp acquired a new stake in MicroStrategy during the first quarter worth $341,000. Finally, Kingsview Wealth Management LLC increased its holdings in MicroStrategy by 6.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock valued at $1,227,000 after buying an additional 42 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Up 4.9 %

MSTR stock opened at $356.59 on Wednesday. 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 $360.89. The company has a market cap of $72.26 billion, a P/E ratio of -169.00 and a beta of 3.05. The business has a fifty day moving average of $192.07 and a 200-day moving average of $161.52.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the firm posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays raised their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein lowered their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $271.13.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,788 shares of company stock valued at $29,895,333 over the last ninety days. Insiders own 13.18% of the company’s stock.

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.