MassMutual Private Wealth & Trust FSB Acquires 65 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

MassMutual Private Wealth & Trust FSB increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,083 shares of the software maker’s stock after buying an additional 65 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in MicroStrategy were worth $603,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Diversify Wealth Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $1,271,000. Gilman Hill Asset Management LLC boosted its holdings in MicroStrategy by 50.2% in the fourth quarter. Gilman Hill Asset Management LLC now owns 3,003 shares of the software maker’s stock worth $870,000 after purchasing an additional 1,003 shares during the last quarter. Client 1ST Advisory Group LLC bought a new stake in MicroStrategy in the 4th quarter worth approximately $266,000. Bernardo Wealth Planning LLC purchased a new stake in MicroStrategy during the 4th quarter valued at $177,000. Finally, BNC Wealth Management LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at $898,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last three months. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of research reports. BTIG Research upped their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group boosted their target price 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. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $389.10 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. The firm has a fifty day moving average price of $365.64 and a 200-day moving average price of $239.24. The stock has a market cap of $93.25 billion, a PE ratio of -184.67 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results 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 business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) earnings per share.

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.