1,390 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,390 shares of the software maker’s stock, valued at approximately $234,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the period. GAMMA Investing LLC increased its stake in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Cigna Investments Inc. New increased its stake in MicroStrategy by 5.1% during the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after acquiring an additional 8 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after purchasing an additional 11 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in shares of MicroStrategy by 0.3% in the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSTR. BTIG Research lifted their price target on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein decreased their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Maxim Group lifted their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen lifted their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Trading Up 4.0 %

Shares of MSTR stock opened at $340.65 on Monday. The firm has a market capitalization of $69.03 billion, a P/E ratio of -161.45 and a beta of 3.05. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $383.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $204.83 and its 200 day simple moving average is $166.15.

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

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The trade was a 79.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,954 shares of company stock valued at $30,553,037. 13.18% of the stock is currently owned by company insiders.

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.