MicroStrategy Incorporated (NASDAQ:MSTR) is Kingswood Wealth Advisors LLC’s 10th Largest Position

Kingswood Wealth Advisors LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 21.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,838 shares of the software maker’s stock after purchasing an additional 9,438 shares during the period. MicroStrategy makes up about 1.2% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position. Kingswood Wealth Advisors LLC’s holdings in MicroStrategy were worth $15,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSTR. Sei Investments Co. lifted its holdings in MicroStrategy by 16.9% during the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock worth $926,000 after buying an additional 97 shares during the period. Thrivent Financial for Lutherans boosted its position in MicroStrategy by 141.8% during the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares in the last quarter. Toronto Dominion Bank grew its stake in MicroStrategy by 348.4% in the second quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock valued at $2,780,000 after purchasing an additional 1,568 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of MicroStrategy by 59.4% during the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock valued at $6,199,000 after buying an additional 1,677 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of MicroStrategy in the 2nd quarter valued at about $3,270,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $353.67 on Monday. The business has a 50-day moving average price of $367.79 and a 200-day moving average price of $244.27. MicroStrategy Incorporated has a 52-week low of $44.59 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.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of the firm’s 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 sale, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’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 transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by insiders.

Analysts Set New Price Targets

MSTR has been the subject of a number of analyst reports. Canaccord Genuity Group increased 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. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Barclays raised their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $479.25.

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.