MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC cut its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 56.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 395 shares of the software maker’s stock after selling 505 shares during the period. Bogart Wealth LLC’s holdings in MicroStrategy were worth $114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Wealth Management Group LLC raised its stake in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after purchasing an additional 71 shares during the period. Activest Wealth Management purchased a new position in MicroStrategy during the fourth quarter worth about $33,000. SOA Wealth Advisors LLC. purchased a new position in MicroStrategy during the fourth quarter worth about $37,000. Versant Capital Management Inc raised its stake in MicroStrategy by 38.2% during the fourth 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. Finally, AlphaMark Advisors LLC raised its stake in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen X. Graham sold 20,000 shares of the company’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 sale, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Finally, BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

Shares of MSTR opened at $337.73 on Friday. MicroStrategy Incorporated has a fifty-two week low of $66.43 and a fifty-two week high of $543.00. The firm’s 50 day moving average price is $349.12 and its 200 day moving average price is $261.08. The company has a market cap of $80.94 billion, a P/E ratio of -59.96 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

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.