190 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 190 shares of the software maker’s stock, valued at approximately $55,000.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc bought a new position in MicroStrategy during the second quarter worth $3,598,000. Savant Capital LLC boosted its holdings in shares of MicroStrategy by 2.6% in the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock valued at $825,000 after buying an additional 15 shares during the period. Prudential PLC bought a new stake in shares of MicroStrategy during the 2nd quarter valued at about $362,000. Choreo LLC raised its stake in MicroStrategy by 73.3% during the second quarter. Choreo LLC now owns 421 shares of the software maker’s stock worth $576,000 after acquiring an additional 178 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in MicroStrategy in the second quarter worth about $1,999,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays upped their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Monday. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Down 1.1 %

NASDAQ:MSTR traded down $3.79 during mid-day trading on Friday, reaching $327.91. The stock had a trading volume of 16,335,873 shares, compared to its average volume of 21,170,443. The stock has a market cap of $78.58 billion, a P/E ratio of -155.63 and a beta of 3.25. The business’s 50 day moving average is $351.01 and its 200 day moving average is $225.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week 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 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 business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the company earned ($8.98) earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by insiders.

MicroStrategy 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.