Lifeworks Advisors LLC Acquires Shares of 1,336 MicroStrategy Incorporated (NASDAQ:MSTR)

Lifeworks Advisors LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, Holdings Channel.com reports. The fund bought 1,336 shares of the software maker’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy during the 2nd quarter worth $37,000. GAMMA Investing LLC boosted its stake in shares of MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of MicroStrategy during the first quarter worth about $58,000. Signaturefd LLC increased its position in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after acquiring an additional 6 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy during the 2nd quarter valued at approximately $106,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $340.65 on Friday. The firm’s fifty day simple moving average is $204.83 and its 200-day simple moving average is $165.30. 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 stock has a market cap of $69.03 billion, a PE ratio of -161.67 and a beta of 3.05. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $383.40.

MicroStrategy (NASDAQ:MSTR) last issued 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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Analyst Ratings Changes

Several brokerages have weighed in on MSTR. Barclays lifted their target price on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Cantor Fitzgerald initiated 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. BTIG Research upped their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. TD Cowen lifted their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark boosted their price target on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 31.71 % 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 worth $30,553,037 in the last quarter. Company insiders own 13.18% of the company’s stock.

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.