MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 930.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,451 shares of the software maker’s stock after acquiring an additional 6,728 shares during the period. Prospera Financial Services Inc’s holdings in MicroStrategy were worth $1,256,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MSTR. Swiss National Bank lifted its position in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after buying an additional 314,007 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after buying an additional 238,463 shares during the period. National Pension Service boosted its stake in MicroStrategy by 900.0% during the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new position in MicroStrategy during the third quarter worth about $35,558,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Stock Down 18.2 %

MicroStrategy stock opened at $387.50 on Friday. The firm’s 50 day moving average price is $228.07 and its two-hundred day moving average price is $173.86. The firm has a market cap of $78.52 billion, a PE ratio of -183.65 and a beta of 3.05. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. 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 (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. MicroStrategy’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($8.98) earnings per share.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSTR. Barclays lifted their target price on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Sanford C. Bernstein reduced their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark lifted their price objective on shares of MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $331.13.

Insider Activity at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,000 shares of company stock worth $23,231,977 in the last ninety days. 13.18% of the stock is currently owned by 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.