Hilltop Holdings Inc. Increases Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Hilltop Holdings Inc. grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 708.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,400 shares of the software maker’s stock after buying an additional 6,485 shares during the quarter. Hilltop Holdings Inc.’s holdings in MicroStrategy were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of MicroStrategy during the second quarter valued at approximately $37,000. GAMMA Investing LLC raised its position in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Signaturefd LLC raised its position in MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of MicroStrategy during the 2nd quarter valued at $106,000. Finally, Larson Financial Group LLC raised its position in shares of MicroStrategy by 72.3% during the 2nd quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Benchmark lifted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Sanford C. Bernstein raised their price target on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Down 1.8 %

NASDAQ:MSTR opened at $373.43 on Wednesday. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. The stock has a market capitalization of $75.67 billion, a price-to-earnings ratio of -176.98 and a beta of 3.17. The stock has a fifty day moving average price of $262.97 and a two-hundred day moving average price of $187.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) 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 for the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the business earned ($8.98) EPS. The firm’s revenue was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 have sold 102,000 shares of company stock worth $32,259,177 in the last three months. 13.18% of the stock is owned by insiders.

About MicroStrategy

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.