Ballentine Partners LLC Raises Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Ballentine Partners LLC lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,322 shares of the software maker’s stock after acquiring an additional 202 shares during the period. Ballentine Partners LLC’s holdings in MicroStrategy were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

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 value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on 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 sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by company insiders.

MicroStrategy Price Performance

MicroStrategy stock opened at $377.31 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The firm has a market cap of $90.42 billion, a PE ratio of -179.07 and a beta of 3.25. The company’s 50 day moving average is $366.62 and its two-hundred day moving average is $240.20.

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

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.