Abel Hall LLC Sells 336 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Abel Hall LLC reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,303 shares of the software maker’s stock after selling 336 shares during the quarter. Abel Hall LLC’s holdings in MicroStrategy were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSTR. Sei Investments Co. grew its position in shares of MicroStrategy by 16.9% in the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares during the last quarter. Thrivent Financial for Lutherans increased its position in MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after buying an additional 200 shares during the period. AQR Capital Management LLC increased its position in MicroStrategy by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after buying an additional 1,677 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of MicroStrategy by 88.6% during the second quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock worth $2,349,000 after buying an additional 801 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of MicroStrategy by 51.8% in the second quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after acquiring an additional 594 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price Performance

Shares of MSTR opened at $341.25 on Thursday. The firm has a 50 day simple moving average of $362.51 and a two-hundred day simple moving average of $247.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a one year low of $46.75 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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). The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This represents a 8.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % 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 worth $32,259,177 over the last 90 days. Insiders own 9.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MSTR. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday. They issued an “outperform” rating and a $515.00 price objective for the company. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Canaccord Genuity Group lifted their price objective on 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 nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Company 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.