Kapstone Financial Advisors LLC Buys 63,161 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Kapstone Financial Advisors LLC increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 885.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,291 shares of the software maker’s stock after acquiring an additional 63,161 shares during the quarter. MicroStrategy makes up about 7.5% of Kapstone Financial Advisors LLC’s holdings, making the stock its 3rd biggest position. Kapstone Financial Advisors LLC’s holdings in MicroStrategy were worth $12,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSTR. Allspring Global Investments Holdings LLC acquired a new position in MicroStrategy in the 1st quarter valued at $58,000. Sei Investments Co. grew its holdings in MicroStrategy by 36.3% during the first quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock worth $980,000 after acquiring an additional 153 shares during the period. ProShare Advisors LLC raised its position in MicroStrategy by 31.2% in the first quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock worth $5,347,000 after acquiring an additional 746 shares in the last quarter. Kingsview Wealth Management LLC raised its position in MicroStrategy by 6.2% in the first quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after acquiring an additional 42 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of MicroStrategy during the 1st quarter worth $370,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein cut their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Maxim Group boosted their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen lifted their price objective on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research upped their target price on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction 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 transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,788 shares of company stock valued at $29,895,333 in the last ninety days. Company insiders own 13.18% of the company’s stock.

MicroStrategy Trading Up 1.4 %

MicroStrategy stock traded up $4.74 during trading on Thursday, hitting $333.12. The company’s stock had a trading volume of 7,751,001 shares, compared to its average volume of 17,046,238. The stock’s fifty day moving average is $196.14 and its 200 day moving average is $162.69. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $383.40. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of -155.85 and a beta of 3.05.

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

MicroStrategy 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.