4,371 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,371 shares of the software maker’s stock, valued at approximately $737,000.

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

Analyst Ratings Changes

A number of analysts have issued reports on MSTR shares. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. One 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. Insiders own 13.18% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR opened at $388.84 on Friday. The company has a market capitalization of $78.79 billion, a price-to-earnings ratio of -184.55 and a beta of 3.05. 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 Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The stock has a 50 day moving average price of $248.63 and a 200 day moving average price of $181.70.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($8.98) EPS.

MicroStrategy Company 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.