Curran Financial Partners LLC Boosts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Curran Financial Partners LLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 30.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,729 shares of the software maker’s stock after purchasing an additional 641 shares during the period. Curran Financial Partners LLC’s holdings in MicroStrategy were worth $790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of 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 acquiring an additional 97 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after purchasing an additional 200 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of MicroStrategy by 348.4% during the second quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock worth $2,780,000 after buying an additional 1,568 shares in the last quarter. AQR Capital Management LLC raised its position in shares of MicroStrategy by 59.4% in the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock valued at $6,199,000 after buying an additional 1,677 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in shares of MicroStrategy during the second quarter valued at approximately $3,270,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at $3,106,372. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Trading Down 5.2 %

Shares of NASDAQ:MSTR opened at $353.67 on Monday. The stock has a 50-day simple moving average of $367.79 and a 200-day simple moving average of $244.27. MicroStrategy Incorporated has a 1 year low of $44.59 and a 1 year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the prior year, the firm earned ($8.98) earnings per share. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several analysts have commented on MSTR shares. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

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.