Empower Advisory Group LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Empower Advisory Group LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,371 shares of the software maker’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSTR. Allspring Global Investments Holdings LLC acquired a new position in shares of MicroStrategy in the 1st quarter valued at about $58,000. Sei Investments Co. boosted its holdings in shares of MicroStrategy by 36.3% in the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of MicroStrategy by 6.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock valued at $1,227,000 after buying an additional 42 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new stake in MicroStrategy in the 1st quarter valued at about $370,000. Finally, Westfield Capital Management Co. LP bought a new stake in MicroStrategy in the 1st quarter valued at about $60,892,000. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Up 4.0 %

NASDAQ MSTR opened at $340.65 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day simple moving average is $204.83 and its 200 day simple moving average is $165.30. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $383.40. The company has a market capitalization of $69.03 billion, a P/E ratio of -161.67 and a beta of 3.05.

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 the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) earnings per share.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSTR. Sanford C. Bernstein cut their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays lifted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Benchmark lifted their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $271.13.

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,954 shares of company stock valued at $30,553,037 over the last ninety days. 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.