MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 521,414 shares of the software maker’s stock after selling 6,718 shares during the quarter. LPL Financial LLC’s holdings in MicroStrategy were worth $151,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSTR. Empowered Funds LLC purchased a new stake in shares of MicroStrategy in the 3rd quarter valued at about $440,000. Thrivent Financial for Lutherans lifted its stake in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after buying an additional 5,069 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of MicroStrategy in the third quarter valued at approximately $208,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MicroStrategy in the third quarter valued at approximately $609,000. Finally, Commerce Bank acquired a new position in shares of MicroStrategy in the 3rd quarter valued at $419,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Trading Up 10.4 %

Shares of MSTR stock opened at $335.72 on Tuesday. The business’s fifty day moving average price is $317.26 and its 200 day moving average price is $290.51. The firm has a market capitalization of $86.40 billion, a PE ratio of -59.60 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le bought 6,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 8,000 shares of company stock valued at $680,000. Corporate insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of “Buy” and a consensus target price of $536.90.

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.