FORA Capital LLC Has $8.33 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

FORA Capital LLC boosted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,198.0% in the third quarter, HoldingsChannel.com reports. The firm owned 49,389 shares of the software maker’s stock after buying an additional 45,584 shares during the period. MicroStrategy accounts for about 1.0% of FORA Capital LLC’s investment portfolio, making the stock its 18th largest holding. FORA Capital LLC’s holdings in MicroStrategy were worth $8,327,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MSTR. UMB Bank n.a. increased its stake 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 buying an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the 3rd quarter valued at approximately $27,000. ST Germain D J Co. Inc. increased its position in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in MicroStrategy during the 3rd quarter worth approximately $32,000. 72.03% of the stock is owned by institutional investors.

Insider Activity at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by company insiders.

MicroStrategy Stock Up 8.0 %

Shares of MSTR traded up $28.24 during trading hours on Wednesday, hitting $381.93. The stock had a trading volume of 11,344,235 shares, compared to its average volume of 18,342,980. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The firm has a market capitalization of $77.39 billion, a P/E ratio of -182.96 and a beta of 3.05. The firm has a 50 day simple moving average of $239.06 and a 200-day simple moving average of $178.58. 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 (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 firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business posted ($8.98) EPS.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Benchmark lifted their price objective on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Finally, Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

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.