Resolute Advisors LLC Grows Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Resolute Advisors LLC boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 9,900.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,000 shares of the software maker’s stock after acquiring an additional 2,970 shares during the period. Resolute Advisors LLC’s holdings in MicroStrategy were worth $506,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hollencrest Capital Management lifted its holdings in shares of MicroStrategy by 1,108.9% in the 3rd quarter. Hollencrest Capital Management now owns 1,910 shares of the software maker’s stock valued at $322,000 after acquiring an additional 1,752 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy in the 3rd quarter valued at approximately $27,000. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of MicroStrategy by 973.5% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,380 shares of the software maker’s stock worth $738,000 after purchasing an additional 3,972 shares during the period. Presidio Capital Management LLC bought a new position in shares of MicroStrategy during the 3rd quarter valued at approximately $246,000. Finally, Principal Financial Group Inc. raised its holdings in MicroStrategy by 781.4% during the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock valued at $7,837,000 after buying an additional 41,209 shares during the period. 72.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,788 shares of company stock worth $29,895,333 in the last three months. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Stock Performance

MicroStrategy stock opened at $270.42 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. The company has a market capitalization of $54.80 billion, a PE ratio of -128.16 and a beta of 3.05. The company has a 50 day moving average price of $183.23 and a 200-day moving average price of $158.00. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $280.80.

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). The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($8.98) earnings per share.

Analyst Upgrades and Downgrades

Several research firms have commented on MSTR. Maxim Group lifted their price objective 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 lifted their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Benchmark increased their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BTIG Research raised their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.13.

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.