Dakota Wealth Management Has $3.03 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Dakota Wealth Management lowered its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 77.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,444 shares of the software maker’s stock after selling 35,705 shares during the period. Dakota Wealth Management’s holdings in MicroStrategy were worth $3,025,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MSTR. XML Financial LLC bought a new position in shares of MicroStrategy in the fourth quarter worth about $434,000. Nisa Investment Advisors LLC boosted its position in MicroStrategy by 450.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,840 shares of the software maker’s stock valued at $6,325,000 after buying an additional 17,870 shares in the last quarter. Traphagen Investment Advisors LLC grew its stake in shares of MicroStrategy by 20.0% during the fourth quarter. Traphagen Investment Advisors LLC now owns 9,121 shares of the software maker’s stock worth $2,642,000 after buying an additional 1,521 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth $203,000. Finally, Farrell Financial LLC increased its holdings in shares of MicroStrategy by 19.6% during the fourth quarter. Farrell Financial LLC now owns 2,985 shares of the software maker’s stock worth $865,000 after buying an additional 489 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 3.0 %

Shares of NASDAQ MSTR opened at $377.31 on Thursday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $366.62 and its 200-day moving average price is $240.20. The company has a market capitalization of $90.42 billion, a P/E ratio of -179.07 and a beta of 3.25.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MSTR. Canaccord Genuity Group boosted their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $479.25.

Insider Buying and Selling

In other 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 owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their position. 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 90 days. Company insiders own 9.16% of the company’s stock.

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.