Versant Capital Management Inc Purchases 39 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Versant Capital Management Inc grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 38.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141 shares of the software maker’s stock after purchasing an additional 39 shares during the quarter. Versant Capital Management Inc’s holdings in MicroStrategy were worth $41,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its position in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after acquiring an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the 3rd quarter valued at $254,000. Wellington Management Group LLP grew its holdings in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. US Bancorp DE grew its holdings in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC raised its position in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MSTR shares. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Monday. Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Canaccord Genuity Group upped their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Up 11.6 %

Shares of MSTR opened at $379.09 on Tuesday. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $345.91 and its 200-day moving average price is $222.45. The firm has a market capitalization of $90.85 billion, a price-to-earnings ratio of -179.92 and a beta of 3.25.

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

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last ninety days. Company insiders own 13.18% of the company’s stock.

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.