Claro Advisors LLC Sells 32 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Claro Advisors LLC decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,028 shares of the software maker’s stock after selling 32 shares during the period. Claro Advisors LLC’s holdings in MicroStrategy were worth $1,456,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Choreo LLC boosted its holdings 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 buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in MicroStrategy during the second quarter worth about $1,999,000. American Century Companies Inc. boosted its holdings in MicroStrategy by 20.8% during the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock worth $2,890,000 after buying an additional 361 shares during the last quarter. Forsta AP Fonden bought a new position in MicroStrategy during the second quarter worth about $4,132,000. Finally, DekaBank Deutsche Girozentrale bought a new position in MicroStrategy during the second quarter worth about $2,157,000. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MSTR shares. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. 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. Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Monday, January 6th. Finally, BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Performance

MSTR traded down $5.99 during trading on Monday, hitting $321.92. The stock had a trading volume of 13,073,435 shares, compared to its average volume of 20,254,098. The company has a 50 day moving average price of $352.97 and a 200-day moving average price of $227.74. The firm has a market cap of $77.15 billion, a price-to-earnings ratio of -152.79 and a beta of 3.25. 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 one year low of $43.87 and a one year high of $543.00.

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

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company’s stock.

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.