MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 848.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,005 shares of the software maker’s stock after acquiring an additional 33,105 shares during the period. Janney Montgomery Scott LLC’s holdings in MicroStrategy were worth $6,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy in the first quarter worth approximately $58,000. Wealthspire Advisors LLC bought a new position in MicroStrategy during the first quarter valued at about $203,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in MicroStrategy during the first quarter worth about $409,000. Swiss National Bank raised its position in MicroStrategy by 22.2% in the first quarter. Swiss National Bank now owns 29,200 shares of the software maker’s stock worth $49,773,000 after acquiring an additional 5,300 shares in the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in MicroStrategy in the 1st quarter valued at about $1,127,000. 72.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays increased their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. BTIG Research lifted their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Cowen upped their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $271.13.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,788 shares of company stock worth $29,895,333 over the last ninety days. 13.18% of the stock is currently owned by insiders.

MicroStrategy Stock Down 0.1 %

MSTR stock opened at $270.42 on Friday. The company has a 50 day moving average of $183.23 and a two-hundred day moving average of $158.00. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $280.80. The company has a market cap of $54.80 billion, a price-to-earnings ratio of -128.34 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates 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 firm earned ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

MicroStrategy 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.