MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Cut by Aviso Wealth Management

Aviso Wealth Management trimmed its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 66.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,330 shares of the software maker’s stock after selling 8,670 shares during the quarter. Aviso Wealth Management’s holdings in MicroStrategy were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $81,783,000. Clarity Capital Partners LLC grew its holdings in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy in the third quarter worth about $254,000. Finally, Wellington Management Group LLP lifted 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 valued at $1,134,000 after acquiring an additional 6,104 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $341.81 on Wednesday. The stock has a market capitalization of $87.97 billion, a price-to-earnings ratio of -60.68 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $317.25 and a 200-day simple moving average of $292.11.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 8,000 shares of company stock valued at $680,000. 9.16% of the stock is owned by corporate insiders.

About MicroStrategy

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.