1,674 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, Holdings Channel reports. The fund acquired 1,674 shares of the software maker’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of MicroStrategy during the second quarter valued at $106,000. Larson Financial Group LLC grew its holdings in shares of MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after buying an additional 34 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in MicroStrategy in the 2nd quarter worth about $138,000. Finally, Semmax Financial Advisors Inc. boosted its position 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 acquiring an additional 90 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark lifted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group raised their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $408.67 on Monday. The stock has a market capitalization of $82.81 billion, a P/E ratio of -193.96 and a beta of 3.17. The business has a 50-day moving average of $303.61 and a two-hundred day moving average of $201.58. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last announced 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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the previous year, the company earned ($8.98) EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by insiders.

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.