Masso Torrence Wealth Management Inc. Acquires 55 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Masso Torrence Wealth Management Inc. raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,055 shares of the software maker’s stock after acquiring an additional 55 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in MicroStrategy were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MicroStrategy during the 2nd quarter worth $106,000. Versant Capital Management Inc lifted its position 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 valued at $41,000 after buying an additional 39 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of MicroStrategy by 900.0% in 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 in the last quarter. AlphaMark Advisors LLC grew its position in shares of 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 buying an additional 145 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its stake in shares of MicroStrategy by 2,416.7% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the software maker’s stock worth $208,000 after acquiring an additional 145 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday. They issued an “outperform” rating and a $515.00 price target for the company. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $340.51 on Wednesday. The company has a 50 day simple moving average of $365.16 and a two-hundred day simple moving average of $247.14. The stock has a market cap of $81.60 billion, a price-to-earnings ratio of -160.47 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12 month low of $46.75 and a 12 month 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 for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($8.98) earnings per share.

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.