Aviso Wealth Management Has $1.25 Million Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Aviso Wealth Management cut its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 66.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,330 shares of the software maker’s stock after selling 8,670 shares during the period. Aviso Wealth Management’s holdings in MicroStrategy were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MSTR. Geode Capital Management LLC lifted its holdings in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after acquiring an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares during the period. Amundi boosted its holdings in MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares during the last quarter. Finally, Swiss National Bank increased its position in MicroStrategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock worth $149,734,000 after purchasing an additional 48,800 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MicroStrategy

In other news, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le purchased 6,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock valued at $680,000. 9.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MSTR shares. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday, March 19th. They set a “neutral” rating for the company. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of MSTR opened at $341.81 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The stock has a market capitalization of $87.97 billion, a P/E ratio of -60.68 and a beta of 3.36. The company has a 50 day moving average of $317.25 and a 200-day moving average of $292.11.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.