MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Raised by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 885.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,291 shares of the software maker’s stock after acquiring an additional 63,161 shares during the period. MicroStrategy accounts for approximately 7.5% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Kapstone Financial Advisors LLC’s holdings in MicroStrategy were worth $12,387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in MicroStrategy by 952.6% during the 3rd quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker’s stock valued at $337,000 after acquiring an additional 1,810 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in MicroStrategy in the third quarter valued at $30,534,000. Oppenheimer & Co. Inc. acquired a new stake in MicroStrategy during the 3rd quarter worth about $238,000. Hartline Investment Corp raised its stake in shares of MicroStrategy by 1,064.6% during the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after buying an additional 4,865 shares during the last quarter. Finally, Souders Financial Advisors acquired a new position in shares of MicroStrategy in the 3rd quarter valued at about $844,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Barclays lifted their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. TD Cowen increased their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research upped their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Canaccord Genuity Group raised their target price on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $271.13.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the firm’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 owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le sold 48,838 shares of the 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 directly owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,788 shares of company stock valued at $29,895,333 in the last three months. 13.18% of the stock is currently owned by insiders.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR traded up $4.74 during trading on Thursday, reaching $333.12. The stock had a trading volume of 7,751,001 shares, compared to its average volume of 17,046,238. The business has a fifty day moving average price of $196.14 and a 200-day moving average price of $162.69. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $383.40. 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 stock has a market cap of $67.50 billion, a PE ratio of -155.85 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results 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 return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm posted ($8.98) earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year.

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.