Commerce Bank Buys Shares of 2,485 MicroStrategy Incorporated (NASDAQ:MSTR)

Commerce Bank purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,485 shares of the software maker’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of MicroStrategy by 2,900.0% during 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 in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy during the 3rd quarter worth $27,000. ST Germain D J Co. Inc. boosted its stake in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares in the last quarter. Finally, Fairman Group LLC grew its position in MicroStrategy by 900.0% in the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last three months. 13.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSTR shares. Benchmark increased their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. Finally, TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Down 12.3 %

Shares of MSTR opened at $353.69 on Wednesday. The stock’s 50-day moving average price is $239.06 and its two-hundred day moving average price is $178.58. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The company has a market capitalization of $71.67 billion, a PE ratio of -167.63 and a beta of 3.05. 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 (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) earnings per share. MicroStrategy’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.