Centaurus Financial Inc. Has $343,000 Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Centaurus Financial Inc. raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,565.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,032 shares of the software maker’s stock after buying an additional 1,910 shares during the quarter. Centaurus Financial Inc.’s holdings in MicroStrategy were worth $343,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. US Bancorp DE boosted its holdings in MicroStrategy by 782.8% in 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 period. Hartline Investment Corp raised its position in shares of MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after buying an additional 4,865 shares during the last quarter. National Pension Service lifted its stake in shares of MicroStrategy by 900.0% in the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares during the period. Janney Montgomery Scott LLC grew its position in MicroStrategy by 848.8% during the third quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after buying an additional 33,105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in MicroStrategy by 2,791.9% during the third quarter. EverSource Wealth Advisors LLC now owns 25,564 shares of the software maker’s stock valued at $4,310,000 after acquiring an additional 24,680 shares during the period. 72.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein boosted their price target on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday. Finally, Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s 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 completion of the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents 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 valued at $32,259,177 over the last ninety days. 13.18% of the stock is owned by insiders.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $353.69 on Wednesday. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The company has a 50 day moving average of $239.06 and a 200-day moving average of $178.58. 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 has a market cap of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05.

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

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.