MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Raised by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2,217.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,353 shares of the software maker’s stock after acquiring an additional 5,122 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in MicroStrategy were worth $903,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSTR. Signaturefd LLC raised its position in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. Crossmark Global Holdings Inc. increased its position in MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after buying an additional 11 shares during the period. Ballentine Partners LLC lifted its stake in MicroStrategy by 5.0% in the second quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock valued at $431,000 after buying an additional 15 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of MicroStrategy by 2.6% during the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock valued at $825,000 after acquiring an additional 15 shares during the period. Finally, Oxler Private Wealth LLC grew its position in shares of MicroStrategy by 8.9% during the second quarter. Oxler Private Wealth LLC now owns 209 shares of the software maker’s stock worth $288,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

MSTR opened at $408.67 on Monday. The business has a 50 day moving average price of $303.61 and a two-hundred day moving average price of $201.58. 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 capitalization of $82.81 billion, a price-to-earnings ratio of -193.96 and a beta of 3.17. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) 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 firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the firm posted ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the company’s 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 transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent research reports. Benchmark lifted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

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.