Wealthquest Corp Buys New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Wealthquest Corp purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,002 shares of the software maker’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP bought a new position in MicroStrategy during the 3rd quarter valued at $27,000. Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $396.50 on Tuesday. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25. The business has a fifty day simple moving average of $364.99 and a 200-day simple moving average of $237.40.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($8.98) earnings per share.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSTR shares. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. TD Cowen increased their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by company insiders.

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.