CreativeOne Wealth LLC Invests $846,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

CreativeOne Wealth LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,020 shares of the software maker’s stock, valued at approximately $846,000.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new position in MicroStrategy during the 3rd quarter valued at $27,000. ST Germain D J Co. Inc. grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MSTR shares. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note 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 research report on Monday, November 25th. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Sanford C. Bernstein lifted their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Finally, Benchmark increased their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Down 0.4 %

Shares of MicroStrategy stock opened at $387.47 on Friday. The company has a market capitalization of $78.52 billion, a P/E ratio of -183.64 and a beta of 3.05. 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 $43.87 and a 1-year high of $543.00. The business’s fifty day moving average price is $258.37 and its two-hundred day moving average price is $184.96.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 company had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the prior year, the company earned ($8.98) EPS. The business’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Activity

In other news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, 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 worth $32,259,177 over the last three months. Corporate insiders own 13.18% of the company’s stock.

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.