Creative Financial Designs Inc. ADV Boosts Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Creative Financial Designs Inc. ADV boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,614.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360 shares of the software maker’s stock after purchasing an additional 339 shares during the period. Creative Financial Designs Inc. ADV’s holdings in MicroStrategy were worth $61,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of MicroStrategy by 30.5% in the first quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock valued at $24,331,000 after buying an additional 3,333 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of MicroStrategy in the first quarter valued at $377,000. Jennison Associates LLC bought a new stake in shares of MicroStrategy during the 1st quarter valued at $806,000. Janney Montgomery Scott LLC raised its stake in shares of MicroStrategy by 16.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock valued at $5,487,000 after purchasing an additional 464 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of MicroStrategy during the 1st quarter valued at $895,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of analyst reports. Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. BTIG Research boosted their price objective on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Maxim Group boosted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group boosted their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $257.81 on Thursday. The firm has a market capitalization of $45.73 billion, a P/E ratio of -122.36 and a beta of 3.05. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is $175.19 and its two-hundred day simple moving average is $155.53. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $267.89.

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 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 firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) earnings per share. MicroStrategy’s revenue for the quarter 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.