Frisch Financial Group Inc. Has $337,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Frisch Financial Group Inc. lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 900.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,000 shares of the software maker’s stock after buying an additional 1,800 shares during the period. Frisch Financial Group Inc.’s holdings in MicroStrategy were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc lifted its position in shares of MicroStrategy by 898.7% in the 3rd quarter. Vestcor Inc now owns 3,096 shares of the software maker’s stock worth $522,000 after acquiring an additional 2,786 shares during the period. M&T Bank Corp acquired a new position in shares of MicroStrategy in the third quarter valued at $1,932,000. Abel Hall LLC lifted its position in MicroStrategy by 537.7% in the third quarter. Abel Hall LLC now owns 1,639 shares of the software maker’s stock worth $276,000 after purchasing an additional 1,382 shares during the period. Continuum Advisory LLC boosted its stake in MicroStrategy by 900.0% during the third quarter. Continuum Advisory LLC now owns 770 shares of the software maker’s stock worth $130,000 after buying an additional 693 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in MicroStrategy by 370.2% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 710 shares of the software maker’s stock valued at $120,000 after buying an additional 559 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,000 shares of company stock valued at $32,259,177. Insiders own 13.18% of the company’s stock.

MicroStrategy Trading Down 7.5 %

MSTR stock opened at $365.34 on Tuesday. The business has a fifty day moving average price of $285.16 and a 200 day moving average price of $195.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. 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 $74.03 billion, a price-to-earnings ratio of -173.39 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last announced its 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). The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted ($8.98) earnings per share.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSTR shares. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark increased their target price on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein boosted their price target on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average 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.