Coldstream Capital Management Inc. raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 353.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,349 shares of the software maker's stock after buying an additional 1,831 shares during the quarter. Coldstream Capital Management Inc.'s holdings in MicroStrategy were worth $439,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in MicroStrategy during the 2nd quarter valued at $395,000. Brookstone Capital Management raised its stake in shares of MicroStrategy by 38.4% during the second quarter. Brookstone Capital Management now owns 980 shares of the software maker's stock valued at $1,350,000 after purchasing an additional 272 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in MicroStrategy in the 2nd quarter valued at about $40,163,000. Nisa Investment Advisors LLC increased its stake in MicroStrategy by 246.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,660 shares of the software maker's stock valued at $2,287,000 after buying an additional 1,181 shares during the period. Finally, Dakota Wealth Management raised its position in shares of MicroStrategy by 0.3% during the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker's stock worth $6,219,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy stock opened at $408.67 on Friday. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of -193.96 and a beta of 3.17. The company has a 50 day moving average price of $303.61 and a 200 day moving average price of $201.30.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate 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 return on equity of 17.31% and a negative net margin of 87.05%. The business's quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) EPS.
A number of research analysts recently commented on MSTR shares. TD Cowen raised their price objective 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. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Maxim Group lifted their price objective 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 analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.
Check Out Our Latest Research Report on MicroStrategy
In other news, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were 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 directly 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 position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last three months. 13.18% of the stock is owned by corporate insiders.
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.
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.