Mustard Seed Financial LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Mustard Seed Financial LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,179 shares of the software maker’s stock, valued at approximately $341,000.

A number of other large investors have also recently modified their holdings of the company. National Bank of Canada FI raised its position in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy in the third quarter worth about $254,000. Wellington Management Group LLP lifted its position in shares of MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after buying an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in shares of MicroStrategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In related news, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value 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 approximately $4,487,859.10. The trade was a 8.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the 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 directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % 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. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Trading Down 3.0 %

MicroStrategy stock opened at $377.31 on Thursday. The stock has a 50-day moving average price of $366.62 and a 200 day moving average price of $240.20. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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 business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($8.98) earnings per share.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSTR. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

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.