Accuvest Global Advisors Has $7.05 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Accuvest Global Advisors reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 68.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,352 shares of the software maker’s stock after selling 51,957 shares during the quarter. MicroStrategy makes up 9.9% of Accuvest Global Advisors’ investment portfolio, making the stock its 2nd largest holding. Accuvest Global Advisors’ holdings in MicroStrategy were worth $7,053,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC increased its holdings in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the period. Finally, US Bancorp DE increased its stake in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after buying an additional 3,773 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent research reports. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Cantor Fitzgerald lifted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $536.90.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, 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 transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $333.99 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 1 year low of $66.43 and a 1 year high of $543.00. The company has a 50 day simple moving average of $347.70 and a 200-day simple moving average of $265.13.

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

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.