Montz Harcus Wealth Management LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Montz Harcus Wealth Management LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 703 shares of the software maker’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. CAP Partners LLC boosted its stake in MicroStrategy by 49.8% during the 4th quarter. CAP Partners LLC now owns 11,750 shares of the software maker’s stock worth $3,403,000 after acquiring an additional 3,906 shares during the last quarter. Index Fund Advisors Inc. acquired a new stake in MicroStrategy in the fourth quarter worth $258,000. Capital Wealth Alliance LLC boosted its position in shares of MicroStrategy by 0.4% during the fourth quarter. Capital Wealth Alliance LLC now owns 43,531 shares of the software maker’s stock worth $12,607,000 after purchasing an additional 191 shares in the last quarter. Cigna Investments Inc. New grew its holdings in shares of MicroStrategy by 7.8% in the 4th quarter. Cigna Investments Inc. New now owns 1,720 shares of the software maker’s stock valued at $498,000 after buying an additional 125 shares during the period. Finally, Sovran Advisors LLC bought a new stake in shares of MicroStrategy in the 4th quarter valued at $1,381,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’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 transaction of $9,027,200.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 directly owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,050 shares of company stock valued at $9,689,930. 9.16% of the stock is owned by insiders.

MicroStrategy Stock Performance

MSTR opened at $319.46 on Wednesday. The business’s 50-day simple moving average is $353.08 and its 200 day simple 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 debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market capitalization of $76.56 billion, a PE ratio of -56.71 and a beta of 3.25.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. Finally, Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.