DRW Securities LLC Purchases 2,554 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

DRW Securities LLC lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 121.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,649 shares of the software maker’s stock after acquiring an additional 2,554 shares during the quarter. DRW Securities LLC’s holdings in MicroStrategy were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance lifted its holdings in shares of MicroStrategy by 1,234.7% in the 3rd quarter. Independent Advisor Alliance now owns 39,893 shares of the software maker’s stock worth $6,726,000 after acquiring an additional 36,904 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in MicroStrategy by 101.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 456 shares of the software maker’s stock worth $77,000 after buying an additional 230 shares during the period. Daiwa Securities Group Inc. increased its stake in MicroStrategy by 897.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 14,478 shares of the software maker’s stock worth $2,441,000 after buying an additional 13,027 shares during the period. Centaurus Financial Inc. increased its stake in MicroStrategy by 1,565.6% in the 3rd quarter. Centaurus Financial Inc. now owns 2,032 shares of the software maker’s stock worth $343,000 after buying an additional 1,910 shares during the period. Finally, Larson Financial Group LLC increased its stake in MicroStrategy by 2,051.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,743 shares of the software maker’s stock worth $294,000 after buying an additional 1,662 shares during the period. Institutional investors own 72.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent analyst reports. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group raised their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Benchmark raised their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday. Finally, Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Down 4.4 %

NASDAQ:MSTR opened at $403.45 on Tuesday. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The stock has a market capitalization of $81.76 billion, a P/E ratio of -191.48 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $239.06 and its 200-day simple moving average is $178.58.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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). 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 the consensus estimate of $121.45 million. During the same quarter in the prior year, the business posted ($8.98) earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. Company insiders own 13.18% of the company’s stock.

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.