Geneos Wealth Management Inc. Reduces Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Geneos Wealth Management Inc. reduced its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 17.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,785 shares of the software maker’s stock after selling 1,256 shares during the period. Geneos Wealth Management Inc.’s holdings in MicroStrategy were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MSTR. Sei Investments Co. increased its stake in shares of MicroStrategy by 16.9% in the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock worth $926,000 after purchasing an additional 97 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of MicroStrategy by 141.8% in the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after buying an additional 200 shares during the period. Toronto Dominion Bank lifted its position in shares of MicroStrategy by 348.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock valued at $2,780,000 after buying an additional 1,568 shares in the last quarter. AQR Capital Management LLC increased its holdings in MicroStrategy by 59.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after acquiring an additional 1,677 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in MicroStrategy in the 2nd quarter worth approximately $3,270,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $353.67 on Monday. The company has a market cap of $84.76 billion, a price-to-earnings ratio of -167.85 and a beta of 3.25. MicroStrategy Incorporated has a 1 year low of $44.59 and a 1 year high of $543.00. The stock’s 50 day simple moving average is $367.79 and its two-hundred day simple moving average is $244.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the previous year, the company earned ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MSTR shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Benchmark reiterated 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 upped their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $479.25.

Insider Activity

In related news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was 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. 9.16% of the stock is currently owned by corporate insiders.

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.