MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 3,905.6% during the 3rd quarter, Holdings Channel reports. The fund owned 3,605 shares of the software maker’s stock after purchasing an additional 3,515 shares during the quarter. Farther Finance Advisors LLC’s holdings in MicroStrategy were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC grew its holdings in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy during the first quarter worth about $58,000. Signaturefd LLC grew its holdings in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in MicroStrategy in the second quarter valued at approximately $106,000. 72.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction 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 completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by corporate insiders.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $270.81 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47. The business’s 50 day moving average price is $180.47 and its 200-day moving average price is $157.04. The firm has a market capitalization of $48.03 billion, a PE ratio of -128.53 and a beta of 3.05. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $280.80.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly 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). 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 during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) earnings per share. The business’s revenue was down 10.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSTR. Barclays raised their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday. Sanford C. Bernstein dropped 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. Canaccord Genuity Group raised 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. TD Cowen raised their price objective on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research raised their price objective on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Company 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.