Merkkuri Wealth Advisors LLC Takes $385,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Merkkuri Wealth Advisors LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,331 shares of the software maker’s stock, valued at approximately $385,000.

A number of other institutional investors have also made changes to their positions in MSTR. American Century Companies Inc. grew its position in shares of MicroStrategy by 20.8% in the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock valued at $2,890,000 after purchasing an additional 361 shares during the last quarter. Sei Investments Co. boosted its stake 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 in the last quarter. Thrivent Financial for Lutherans grew its position in MicroStrategy by 141.8% in the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after acquiring an additional 200 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in MicroStrategy during the 2nd quarter worth approximately $4,154,000. Finally, Toronto Dominion Bank boosted its position in MicroStrategy by 348.4% in the second quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock valued at $2,780,000 after buying an additional 1,568 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $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 can be accessed through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 over the last 90 days. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSTR shares. Barclays increased their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Down 5.2 %

NASDAQ:MSTR opened at $353.67 on Friday. 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 firm has a fifty day simple moving average of $367.79 and a two-hundred day simple moving average of $243.47. MicroStrategy Incorporated has a 12 month low of $44.59 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced 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 business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter last year, the firm posted ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

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.