4,387 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,387 shares of the software maker’s stock, valued at approximately $1,271,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of MicroStrategy by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock valued at $2,890,000 after purchasing an additional 361 shares during the period. Edgestream Partners L.P. increased its position in shares of MicroStrategy by 159.7% during the second quarter. Edgestream Partners L.P. now owns 470 shares of the software maker’s stock worth $647,000 after acquiring an additional 289 shares in the last quarter. Amalgamated Bank raised its holdings in shares of MicroStrategy by 72.3% during the second quarter. Amalgamated Bank now owns 870 shares of the software maker’s stock worth $1,198,000 after acquiring an additional 365 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in MicroStrategy by 31.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 760 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 181 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in MicroStrategy by 21.9% in the 2nd quarter. Hsbc Holdings PLC now owns 9,437 shares of the software maker’s stock worth $13,115,000 after purchasing an additional 1,694 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’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 value of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last quarter. 9.16% of the stock is currently owned by insiders.

MicroStrategy Stock Up 8.0 %

MicroStrategy stock opened at $396.50 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50-day moving average is $364.99 and its 200-day moving average is $237.40. The firm has a market capitalization of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the firm earned ($8.98) EPS. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year.

Analysts Set New Price Targets

MSTR has been the topic of several recent research reports. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group raised their price target 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. Barclays increased their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $479.25.

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.