HHM Wealth Advisors LLC Grows Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

HHM Wealth Advisors LLC boosted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 124.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,844 shares of the software maker’s stock after buying an additional 9,884 shares during the quarter. MicroStrategy makes up approximately 0.7% of HHM Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. HHM Wealth Advisors LLC’s holdings in MicroStrategy were worth $5,168,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MSTR. National Bank of Canada FI lifted its stake in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy in the 3rd quarter valued at about $254,000. Wellington Management Group LLP lifted its stake in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on MSTR. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

Insider Activity

In other news, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, 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. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last ninety days. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

MSTR opened at $334.79 on Monday. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $359.82 and a 200 day simple moving average of $250.87.

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.