Larson Financial Group LLC Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Larson Financial Group LLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2,051.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,743 shares of the software maker’s stock after buying an additional 1,662 shares during the quarter. Larson Financial Group LLC’s holdings in MicroStrategy were worth $294,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its position in MicroStrategy by 19.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock valued at $2,343,000 after purchasing an additional 225 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of MicroStrategy by 36.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,590 shares of the software maker’s stock valued at $2,710,000 after purchasing an additional 424 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of MicroStrategy during the 1st quarter valued at about $1,040,000. California State Teachers Retirement System lifted its position in MicroStrategy by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock worth $25,297,000 after buying an additional 2,015 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in MicroStrategy in the first quarter worth approximately $8,901,000. 72.03% of the stock is owned by institutional investors.

MicroStrategy Trading Down 12.3 %

MSTR opened at $353.69 on Wednesday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. 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 business has a 50 day simple moving average of $239.06 and a two-hundred day simple moving average of $178.58. The firm has a market capitalization of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last announced its 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 business 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%. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($8.98) EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSTR. 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 research note on Monday. Maxim Group boosted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays upped their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday. Finally, BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. Company 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.