1,065 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,065 shares of the software maker’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in MicroStrategy during the third quarter valued at about $27,000. Sunbelt Securities Inc. lifted its holdings in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Stock Down 5.2 %

MSTR stock opened at $353.67 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company’s 50 day moving average is $367.79 and its 200 day moving average is $243.47. The stock has a market cap of $84.76 billion, a price-to-earnings ratio of -167.85 and a beta of 3.25. MicroStrategy Incorporated has a 1-year low of $44.59 and a 1-year high of $543.00.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, 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 transaction of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % 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 ninety days. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research increased 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. Maxim Group increased 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. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $479.25.

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.