Cornerstone Wealth Group LLC Takes $354,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Cornerstone Wealth Group LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,221 shares of the software maker’s stock, valued at approximately $354,000.

Several other large investors have also recently bought and sold shares of MSTR. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MicroStrategy in the second quarter worth approximately $106,000. Versant Capital Management Inc raised its holdings in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. UMB Bank n.a. boosted its position in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its position in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in MicroStrategy by 2,416.7% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the software maker’s stock worth $208,000 after buying an additional 145 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. 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 three months. Company insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSTR. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays upped their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $347.92 on Tuesday. The firm has a fifty day moving average of $367.05 and a two-hundred day moving average of $245.76. The stock has a market capitalization of $83.38 billion, a price-to-earnings ratio of -165.12 and a beta of 3.25. 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 Incorporated has a 52 week low of $46.75 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the firm earned ($8.98) EPS. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis.

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.