Wealthcare Advisory Partners LLC Sells 101 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Wealthcare Advisory Partners LLC decreased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 30.8% in the 1st quarter, Holdings Channel reports. The firm owned 227 shares of the software maker’s stock after selling 101 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in MicroStrategy were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its stake in MicroStrategy by 0.3% during the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock worth $984,631,000 after purchasing an additional 4,858 shares during the period. Vanguard Group Inc. grew its position in shares of MicroStrategy by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock worth $727,612,000 after buying an additional 24,997 shares during the period. Norges Bank bought a new stake in shares of MicroStrategy in the 4th quarter valued at $70,990,000. Northern Trust Corp lifted its position in shares of MicroStrategy by 2.1% during the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after acquiring an additional 2,248 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in MicroStrategy by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after acquiring an additional 6,272 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MSTR. BTIG Research lifted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th. Canaccord Genuity Group cut their price target on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a report on Monday, June 24th. TD Cowen boosted their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Maxim Group began coverage on MicroStrategy in a report on Tuesday, June 25th. They issued a “buy” rating and a $1,835.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,017.67.

Insider Buying and Selling

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 35,856 shares of company stock worth $51,096,331. 13.18% of the stock is owned by insiders.

MicroStrategy Stock Down 9.7 %

MSTR stock opened at $1,377.48 on Monday. The firm has a market capitalization of $24.43 billion, a PE ratio of -205.59 and a beta of 3.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. MicroStrategy Incorporated has a twelve month low of $307.11 and a twelve month high of $1,999.99. The stock’s 50 day moving average is $1,446.88 and its 200-day moving average is $1,129.10.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The company had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.

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.