MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Lifted by Brookstone Capital Management

Brookstone Capital Management grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 32.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,429 shares of the software maker’s stock after purchasing an additional 3,303 shares during the period. Brookstone Capital Management’s holdings in MicroStrategy were worth $3,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in MicroStrategy during the 2nd quarter valued at about $106,000. Semmax Financial Advisors Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock valued at $138,000 after acquiring an additional 90 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. UMB Bank n.a. increased its stake in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. Finally, AlphaMark Advisors LLC raised its holdings in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last quarter. Corporate insiders own 13.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MSTR shares. TD Cowen increased 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. BTIG Research raised 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. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday. Finally, Maxim Group lifted their price objective 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. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $479.25.

Read Our Latest Stock Analysis on MicroStrategy

MicroStrategy Price Performance

MSTR stock opened at $342.17 on Wednesday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The firm has a 50-day moving average of $355.08 and a two-hundred day moving average of $228.98. The firm has a market capitalization of $82.00 billion, a PE ratio of -162.40 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTRGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter last year, the company posted ($8.98) EPS. The firm’s revenue was down 10.3% compared to the same quarter last year.

About MicroStrategy

(Free Report)

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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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