MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 688.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,348 shares of the software maker’s stock after purchasing an additional 13,402 shares during the quarter. Howe & Rusling Inc.’s holdings in MicroStrategy were worth $2,588,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Commerce Bank purchased a new stake in MicroStrategy during the third quarter worth $419,000. Avior Wealth Management LLC raised its position in shares of MicroStrategy by 832.5% in the third quarter. Avior Wealth Management LLC now owns 8,840 shares of the software maker’s stock worth $1,491,000 after acquiring an additional 7,892 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of MicroStrategy during the 3rd quarter worth about $609,000. Banque Cantonale Vaudoise grew its position in shares of MicroStrategy by 137.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 511 shares of the software maker’s stock valued at $86,000 after acquiring an additional 296 shares during the period. Finally, Prospera Financial Services Inc increased its stake in shares of MicroStrategy by 930.6% in the 3rd quarter. Prospera Financial Services Inc now owns 7,451 shares of the software maker’s stock valued at $1,256,000 after purchasing an additional 6,728 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSTR. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research increased their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.88.

MicroStrategy Price Performance

MicroStrategy stock opened at $430.54 on Wednesday. The company has a fifty day simple moving average of $216.04 and a 200-day simple moving average of $170.24. The firm has a market capitalization of $87.24 billion, a price-to-earnings ratio of -204.34 and a beta of 3.05. 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 52-week low of $43.87 and a 52-week high of $449.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the company posted ($8.98) EPS. The firm’s revenue was down 10.3% on a year-over-year basis.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The trade was a 79.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,000 shares of company stock worth $30,569,577 over the last ninety days. Corporate 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.