Apollon Wealth Management LLC Decreases Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Apollon Wealth Management LLC trimmed its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 39.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,705 shares of the software maker’s stock after selling 7,686 shares during the quarter. Apollon Wealth Management LLC’s holdings in MicroStrategy were worth $3,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its stake in MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. Masso Torrence Wealth Management Inc. boosted its holdings in MicroStrategy by 1.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the last quarter. Finally, Means Investment CO. Inc. lifted its position in shares of MicroStrategy by 2.2% in the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSTR. Benchmark reissued a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday. BTIG Research raised their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday. They set an “outperform” rating and a $560.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $546.30.

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction 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 transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were 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 represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,050 shares of company stock worth $16,314,110 over the last 90 days. 9.16% of the stock is owned by insiders.

MicroStrategy Stock Up 0.6 %

MSTR opened at $327.56 on Friday. MicroStrategy Incorporated has a twelve month low of $52.51 and a twelve month high of $543.00. The firm has a market cap of $78.50 billion, a price-to-earnings ratio of -58.15 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm’s 50-day simple moving average is $355.07 and its 200-day simple moving average is $256.11.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.