MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Avondale Wealth Management

Avondale Wealth Management reduced its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 75.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100 shares of the software maker’s stock after selling 300 shares during the period. Avondale Wealth Management’s holdings in MicroStrategy were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Watts Gwilliam & Co. LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at about $195,000. First Hawaiian Bank bought a new stake in MicroStrategy during the fourth quarter worth approximately $321,000. Stonehearth Capital Management LLC acquired a new position in MicroStrategy in the fourth quarter worth approximately $580,000. Burkett Financial Services LLC bought a new position in shares of MicroStrategy in the fourth quarter valued at $72,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $417,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 0.9 %

Shares of MSTR stock traded down $3.10 during trading on Friday, hitting $328.60. 5,571,711 shares of the company were exchanged, compared to its average volume of 19,586,607. The firm has a market capitalization of $78.75 billion, a price-to-earnings ratio of -155.96 and a beta of 3.25. 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 business’s 50-day simple moving average is $351.01 and its 200 day simple moving average is $225.30. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the business earned ($8.98) EPS. The company’s quarterly revenue was down 10.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent research reports. Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Monday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $479.25.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the company’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 directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % 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. 13.18% of the stock is currently owned by corporate insiders.

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.