Pacific Capital Wealth Advisors Inc. Buys 6,800 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Pacific Capital Wealth Advisors Inc. boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 31.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,721 shares of the software maker’s stock after acquiring an additional 6,800 shares during the period. MicroStrategy comprises 1.4% of Pacific Capital Wealth Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Pacific Capital Wealth Advisors Inc.’s holdings in MicroStrategy were worth $8,318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. UMB Bank n.a. boosted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the third quarter worth $27,000. Sunbelt Securities Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is currently owned by insiders.

MicroStrategy Price Performance

Shares of MSTR opened at $347.92 on Tuesday. The stock’s 50-day moving average price is $367.05 and its two-hundred day moving average price is $245.76. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12 month low of $46.75 and a 12 month 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). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($8.98) earnings per share.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research boosted their target price 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. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.