MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Narus Financial Partners LLC

Narus Financial Partners LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 38.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 953 shares of the software maker’s stock after selling 607 shares during the period. Narus Financial Partners LLC’s holdings in MicroStrategy were worth $276,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MSTR. Sei Investments Co. boosted its position in 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 buying an additional 97 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of MicroStrategy by 141.8% in the second 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 last quarter. AQR Capital Management LLC raised its position in MicroStrategy by 59.4% during the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock valued at $6,199,000 after acquiring an additional 1,677 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in MicroStrategy by 88.6% in the second quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock valued at $2,349,000 after acquiring an additional 801 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of MicroStrategy by 51.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock worth $2,397,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Trading Down 0.3 %

MSTR opened at $340.09 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day simple moving average is $361.56 and its two-hundred day simple moving average is $248.44. The firm has a market capitalization of $81.50 billion, a price-to-earnings ratio of -161.41 and a beta of 3.25. MicroStrategy Incorporated has a 1-year low of $46.75 and a 1-year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm 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 revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last 90 days. Insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MSTR shares. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Mizuho started coverage on MicroStrategy in a research report on Wednesday. They set an “outperform” rating and a $515.00 target price on the stock. Finally, Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

About MicroStrategy

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.