Brookstone Capital Management grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Free 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
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:MSTR – Get 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
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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