Souders Financial Advisors Makes New $844,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Souders Financial Advisors purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, according to its most recent filing with the SEC. The fund purchased 5,006 shares of the software maker’s stock, valued at approximately $844,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE grew its holdings in shares of MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the last quarter. National Pension Service increased its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after acquiring an additional 220,500 shares during the period. Janney Montgomery Scott LLC lifted its position in MicroStrategy by 848.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock valued at $6,239,000 after purchasing an additional 33,105 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in MicroStrategy by 1,517.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,623 shares of the software maker’s stock valued at $611,000 after purchasing an additional 3,399 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. increased its stake in shares of MicroStrategy by 973.5% in the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,380 shares of the software maker’s stock valued at $738,000 after purchasing an additional 3,972 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on MSTR shares. BTIG Research raised their target price on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Maxim Group upped 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. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Sanford C. Bernstein lowered their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen raised their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.13.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on Friday, August 16th. The shares were 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 owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction dated 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,788 shares of company stock worth $29,895,333 in the last 90 days. Company insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

NASDAQ MSTR opened at $356.59 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $360.89. The company has a market cap of $72.26 billion, a PE ratio of -169.00 and a beta of 3.05. The stock’s 50-day moving average price is $192.07 and its two-hundred day moving average price is $161.52.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($8.98) EPS.

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.