Nwam LLC Has $880,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Nwam LLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 921.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,222 shares of the software maker’s stock after purchasing an additional 4,711 shares during the quarter. Nwam LLC’s holdings in MicroStrategy were worth $880,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. UMB Bank n.a. raised its holdings 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 raised its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP bought a new stake in MicroStrategy in the 3rd quarter valued at $27,000. ST Germain D J Co. Inc. boosted its stake in MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in MicroStrategy during the 3rd quarter worth about $32,000. Institutional investors own 72.03% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,000 shares of company stock valued at $23,231,977 over the last ninety days. 13.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research reports. Maxim Group boosted their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein reduced their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Barclays boosted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen raised their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $331.13.

MicroStrategy Stock Up 6.2 %

Shares of MSTR stock opened at $421.88 on Friday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The stock has a market cap of $85.49 billion, a price-to-earnings ratio of -200.23 and a beta of 3.05. The firm’s 50-day moving average is $233.68 and its 200-day moving average is $176.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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 analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s quarterly revenue 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.

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.