Drive Wealth Management LLC Purchases Shares of 1,083 MicroStrategy Incorporated (NASDAQ:MSTR)

Drive Wealth Management LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,083 shares of the software maker’s stock, valued at approximately $314,000.

A number of other hedge funds have also added to or reduced their stakes in MSTR. Sei Investments Co. boosted its stake in MicroStrategy by 16.9% during the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after buying an additional 200 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of MicroStrategy by 348.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock worth $2,780,000 after buying an additional 1,568 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of MicroStrategy by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after buying an additional 1,677 shares in the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of MicroStrategy during the 2nd quarter worth approximately $3,270,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Barclays lifted 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 set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report 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 report on Monday, November 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Down 1.6 %

MSTR opened at $347.92 on Tuesday. The company has a fifty day moving average price of $367.05 and a 200-day moving average price of $245.76. The firm has a market capitalization of $83.38 billion, a P/E ratio of -165.12 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 $46.75 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly 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 firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the firm earned ($8.98) earnings per share.

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.