Kestra Private Wealth Services LLC Purchases 3,590 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Kestra Private Wealth Services LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 69.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,737 shares of the software maker’s stock after acquiring an additional 3,590 shares during the period. Kestra Private Wealth Services LLC’s holdings in MicroStrategy were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. National Bank of Canada FI increased its position in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy in the 3rd quarter worth approximately $254,000. Wellington Management Group LLP raised its position 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 buying an additional 6,104 shares in the last quarter. US Bancorp DE raised its position 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 buying an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of MicroStrategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents 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 22,050 shares of company stock worth $9,689,930 in the last 90 days. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Down 4.5 %

Shares of NASDAQ MSTR opened at $319.46 on Wednesday. The firm’s fifty day moving average is $353.08 and its 200 day moving average is $258.97. MicroStrategy Incorporated has a 52 week low of $65.02 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market cap of $76.56 billion, a price-to-earnings ratio of -56.71 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

A number of research analysts recently commented on MSTR shares. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

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.