Wealth Management Partners LLC Sells 720 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Wealth Management Partners LLC cut its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,570 shares of the software maker’s stock after selling 720 shares during the period. Wealth Management Partners LLC’s holdings in MicroStrategy were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy in the third quarter worth approximately $254,000. Wellington Management Group LLP grew its stake in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. US Bancorp DE grew its stake in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after purchasing an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in MicroStrategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSTR. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research 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’s stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Price Performance

MSTR stock opened at $396.50 on Monday. 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 $43.87 and a 12-month high of $543.00. The business’s 50-day moving average is $363.86 and its 200 day moving average is $235.52.

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). 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 during 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 company’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. Insiders own 9.16% of the company’s stock.

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.