Stratos Wealth Partners LTD. Sells 1,737 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Stratos Wealth Partners LTD. cut its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,211 shares of the software maker’s stock after selling 1,737 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in MicroStrategy were worth $3,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc raised its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. UMB Bank n.a. increased its position in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC raised its stake in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the third quarter worth about $27,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Phong Le sold 1,252 shares of the company’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 sale, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSTR has been the topic of several analyst reports. Maxim Group increased their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $544.78.

MicroStrategy Stock Performance

MicroStrategy stock opened at $325.46 on Friday. The business has a 50 day moving average of $356.27 and a 200-day moving average of $254.50. 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 1 year low of $46.75 and a 1 year high of $543.00. The company has a market capitalization of $78.00 billion, a P/E ratio of -154.47 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

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.