Smith Anglin Financial LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Smith Anglin Financial LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,756 shares of the software maker’s stock, valued at approximately $508,000.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI increased its holdings in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in MicroStrategy in the 3rd quarter worth $254,000. Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after acquiring an additional 6,104 shares in the last quarter. US Bancorp DE increased its holdings in MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MSTR shares. Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Maxim Group boosted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $479.25.

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value 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 approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, 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 three months. Insiders own 13.18% of the company’s stock.

MicroStrategy Stock Up 4.7 %

MSTR stock opened at $358.41 on Wednesday. The company’s 50 day moving average price is $355.08 and its 200 day moving average price is $228.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The firm has a market capitalization of $85.89 billion, a price-to-earnings ratio of -170.10 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($8.98) earnings per share.

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.