Fiduciary Alliance LLC grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 91.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,014 shares of the software maker's stock after buying an additional 14,843 shares during the period. MicroStrategy comprises 0.9% of Fiduciary Alliance LLC's portfolio, making the stock its 22nd largest position. Fiduciary Alliance LLC's holdings in MicroStrategy were worth $8,982,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after buying an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $254,000. Wellington Management Group LLP raised its position in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after purchasing an additional 6,104 shares during the period. US Bancorp DE raised its position in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock worth $717,000 after purchasing an additional 3,773 shares during the period. Finally, Virtu Financial LLC raised its position 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 purchasing an additional 222,109 shares during the period. Institutional investors own 59.84% of the company's stock.
In related news, CAO Jeanine Montgomery sold 56,250 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares of the company's stock, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last quarter. Insiders own 13.18% of the company's stock.
Shares of NASDAQ:MSTR traded down $9.11 on Monday, reaching $318.80. The company had a trading volume of 5,053,101 shares, compared to its average volume of 18,994,367. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. The stock has a 50-day moving average price of $352.97 and a 200 day moving average price of $227.74. The stock has a market capitalization of $76.40 billion, a P/E ratio of -151.30 and a beta of 3.25. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) EPS. MicroStrategy's quarterly revenue was down 10.3% on a year-over-year basis.
MSTR has been the topic of several analyst reports. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $479.25.
Read Our Latest Report on MSTR
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.
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