MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 65.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,317 shares of the software maker’s stock after purchasing an additional 2,507 shares during the quarter. Kingsview Wealth Management LLC’s holdings in MicroStrategy were worth $1,830,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MSTR. GPS Wealth Strategies Group LLC boosted its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the period. Masso Torrence Wealth Management Inc. boosted its holdings in shares of MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of MicroStrategy by 3.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the period. Finally, Means Investment CO. Inc. grew its position in shares of MicroStrategy by 2.2% in the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock valued at $16,314,110 over the last quarter. Insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

MSTR stock opened at $334.62 on Tuesday. The stock’s 50 day simple moving average is $354.16 and its 200 day simple moving average is $257.96. MicroStrategy Incorporated has a 12-month low of $65.02 and a 12-month high of $543.00. The firm has a market cap of $80.19 billion, a P/E ratio of -59.40 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSTR. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $536.90.

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.