MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,109.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,310 shares of the software maker’s stock after buying an additional 2,119 shares during the period. Great Valley Advisor Group Inc.’s holdings in MicroStrategy were worth $389,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in MicroStrategy during the second quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares during the period. Signaturefd LLC increased its holdings in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the second quarter valued at approximately $106,000. Finally, Larson Financial Group LLC increased its holdings in shares of MicroStrategy by 72.3% in the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Stock Up 9.9 %

MSTR opened at $388.84 on Thursday. The business’s fifty day moving average is $243.51 and its two-hundred day moving average is $180.24. 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 company has a market cap of $78.79 billion, a price-to-earnings ratio of -184.55 and a beta of 3.05. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS 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 revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($8.98) earnings per share.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein boosted their target price on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Benchmark boosted their target price on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. Finally, Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

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.