Daymark Wealth Partners LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Daymark Wealth Partners LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,616 shares of the software maker’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of 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 purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its position in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. increased its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its holdings 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 valued at $29,000 after acquiring an additional 153 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

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research upped their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $373.12 on Friday. The company’s 50 day moving average price is $367.53 and its two-hundred day moving average price is $241.12. 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 Incorporated has a 52 week low of $44.51 and a 52 week high of $543.00. The company has a market capitalization of $89.42 billion, a P/E ratio of -177.09 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 for the quarter, missing the consensus estimate 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 firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the company earned ($8.98) earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Company 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.