1,458 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Presidio Capital Management LLC

Presidio Capital Management LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,458 shares of the software maker’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of MicroStrategy by 36.4% during 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 in the last quarter. Cigna Investments Inc. New grew its stake in MicroStrategy by 5.1% in the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after purchasing an additional 8 shares during the period. Crossmark Global Holdings Inc. raised its holdings in MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after buying an additional 15 shares during the period. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Price Performance

Shares of MSTR opened at $270.81 on Friday. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $280.80. The company has a market capitalization of $48.03 billion, a P/E ratio of -128.53 and a beta of 3.05. The firm has a 50 day moving average of $180.47 and a 200 day moving average of $157.04. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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 business had revenue of $116.07 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted ($8.98) EPS.

Insider Buying and Selling

In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday. Benchmark upped their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein decreased their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. BTIG Research boosted their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, TD Cowen upped their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $271.13.

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.