Pin Oak Investment Advisors Inc. Increases Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Pin Oak Investment Advisors Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 900.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 290 shares of the software maker’s stock after purchasing an additional 261 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in MicroStrategy were worth $48,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy in the 3rd quarter valued at $27,000. ST Germain D J Co. Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in MicroStrategy during the 3rd quarter worth $32,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s 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 sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,000 shares of company stock worth $32,259,177. Company insiders own 13.18% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday. 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 target price on the stock. Benchmark raised their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday. Finally, TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Performance

Shares of MSTR traded up $35.15 during midday trading on Thursday, hitting $388.84. 34,768,508 shares of the stock traded hands, compared to its average volume of 18,456,727. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00. The firm has a market capitalization of $78.79 billion, a PE ratio of -184.55 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50 day moving average price is $243.51 and its two-hundred day moving average price is $180.24.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the prior year, the firm earned ($8.98) earnings per share. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

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.