Encompass More Asset Management Invests $435,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Encompass More Asset Management bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,582 shares of the software maker’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new position in MicroStrategy in the 3rd quarter valued at about $27,000. ST Germain D J Co. Inc. increased its stake in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of MicroStrategy during the third quarter worth about $32,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of a number of research reports. Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Sanford C. Bernstein increased their price target on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Finally, Benchmark boosted their price objective on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Down 0.4 %

MSTR opened at $387.47 on Friday. 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 one year low of $43.87 and a one year high of $543.00. The company has a market cap of $78.52 billion, a P/E ratio of -183.64 and a beta of 3.05. The business’s 50-day simple moving average is $253.51 and its 200-day simple moving average is $183.14.

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

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last ninety days. Insiders own 13.18% of the company’s stock.

MicroStrategy Company 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.