Evanson Asset Management LLC Sells 358 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Evanson Asset Management LLC lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,642 shares of the software maker’s stock after selling 358 shares during the period. Evanson Asset Management LLC’s holdings in MicroStrategy were worth $765,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings 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 valued at $25,000 after buying an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in MicroStrategy by 900.0% during the third 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. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Up 8.0 %

NASDAQ:MSTR opened at $396.50 on Monday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25. The firm’s 50 day simple moving average is $363.86 and its 200 day simple moving average is $235.52.

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 analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter last year, the business earned ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were 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 owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. 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. 9.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Maxim Group upped their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

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.