Kingsview Wealth Management LLC Has $642,000 Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Kingsview Wealth Management LLC lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 852.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,810 shares of the software maker’s stock after buying an additional 3,410 shares during the period. Kingsview Wealth Management LLC’s holdings in MicroStrategy were worth $642,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC bought a new stake in MicroStrategy during the 3rd quarter worth $1,040,000. Great Valley Advisor Group Inc. boosted its stake in shares of MicroStrategy by 1,109.4% during the third quarter. Great Valley Advisor Group Inc. now owns 2,310 shares of the software maker’s stock valued at $389,000 after purchasing an additional 2,119 shares in the last quarter. Nwam LLC grew its holdings in shares of MicroStrategy by 921.9% during the third quarter. Nwam LLC now owns 5,222 shares of the software maker’s stock worth $880,000 after purchasing an additional 4,711 shares during the last quarter. Altiora Financial Group LLC increased its stake in shares of MicroStrategy by 866.8% in the third quarter. Altiora Financial Group LLC now owns 2,040 shares of the software maker’s stock valued at $344,000 after buying an additional 1,829 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Benchmark lifted their target price on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein increased their price target on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of the company’s 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 directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by company insiders.

MicroStrategy Stock Up 9.9 %

Shares of MicroStrategy stock opened at $388.84 on Thursday. The firm has a market cap of $78.79 billion, a price-to-earnings ratio of -184.55 and a beta of 3.05. The stock’s 50-day moving average is $243.51 and its 200 day moving average is $180.24. 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 Incorporated has a one year low of $43.87 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business earned ($8.98) EPS.

MicroStrategy Company 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.