Traphagen Investment Advisors LLC Has $2.64 Million Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Traphagen Investment Advisors LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,121 shares of the software maker’s stock after purchasing an additional 1,521 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in MicroStrategy were worth $2,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. increased its position 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 acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of 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 shares of MicroStrategy in the third quarter valued at about $27,000. Sunbelt Securities Inc. increased its position in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its position in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business’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 in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. Company insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Trading Down 1.9 %

Shares of NASDAQ:MSTR opened at $389.10 on Wednesday. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The business has a 50 day moving average of $365.64 and a 200-day moving average of $239.24. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during 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%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm posted ($8.98) earnings per share.

MicroStrategy 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.