Great Valley Advisor Group Inc. Grows Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Great Valley Advisor Group Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,109.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,310 shares of the software maker’s stock after purchasing an additional 2,119 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in MicroStrategy were worth $389,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MSTR. US Bancorp DE increased its stake in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares during the last quarter. Hartline Investment Corp increased its stake in MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after acquiring an additional 4,865 shares during the last quarter. National Pension Service increased its stake in MicroStrategy by 900.0% during the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after acquiring an additional 220,500 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in MicroStrategy by 848.8% during the third quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after acquiring an additional 33,105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in MicroStrategy by 2,791.9% during the third quarter. EverSource Wealth Advisors LLC now owns 25,564 shares of the software maker’s stock worth $4,310,000 after acquiring an additional 24,680 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group increased their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein increased their target price on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Benchmark increased their target price on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note 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 a consensus price target of $479.25.

Insiders Place Their Bets

In other MicroStrategy 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 transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % 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 in the last quarter. Insiders own 13.18% of the company’s stock.

MicroStrategy Trading Up 9.9 %

Shares of MSTR opened at $388.84 on Thursday. The company has a market capitalization of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50-day moving average price of $243.51 and a 200 day moving average price of $180.24.

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

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.