Abundance Wealth Counselors Sells 43 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Abundance Wealth Counselors trimmed its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,157 shares of the software maker’s stock after selling 43 shares during the period. Abundance Wealth Counselors’ holdings in MicroStrategy were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. Masso Torrence Wealth Management Inc. lifted its holdings in MicroStrategy by 1.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after acquiring an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after acquiring an additional 65 shares in the last quarter. FSC Wealth Advisors LLC raised its stake in shares of MicroStrategy by 61.5% in the 4th quarter. FSC Wealth Advisors LLC now owns 210 shares of the software maker’s stock worth $61,000 after buying an additional 80 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of MicroStrategy by 14.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after purchasing an additional 85 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday. They set an “outperform” rating and a $515.00 price objective on the stock. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Barclays upped their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $483.22.

MicroStrategy Trading Down 1.6 %

Shares of MicroStrategy stock opened at $334.79 on Friday. 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 12-month low of $46.75 and a 12-month high of $543.00. The company’s 50-day moving average price is $359.82 and its 200-day moving average price is $249.65. The company has a market cap of $80.23 billion, a price-to-earnings ratio of -158.89 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned ($8.98) earnings per share.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last ninety days. 9.16% of the stock is currently owned by corporate insiders.

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.