Schechter Investment Advisors LLC Lowers Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Schechter Investment Advisors LLC cut its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,041 shares of the software maker’s stock after selling 79 shares during the period. Schechter Investment Advisors LLC’s holdings in MicroStrategy were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Correct Capital Wealth Management lifted its position in shares of MicroStrategy by 12.4% in the first quarter. Correct Capital Wealth Management now owns 188,463 shares of the software maker’s stock valued at $54,328,000 after acquiring an additional 20,790 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in MicroStrategy by 62.1% during the 1st quarter. Moloney Securities Asset Management LLC now owns 1,318 shares of the software maker’s stock valued at $380,000 after purchasing an additional 505 shares during the period. Greenleaf Trust lifted its holdings in MicroStrategy by 17.1% in the 1st quarter. Greenleaf Trust now owns 5,671 shares of the software maker’s stock worth $1,635,000 after purchasing an additional 828 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in MicroStrategy by 97.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 5,871 shares of the software maker’s stock worth $1,692,000 after purchasing an additional 2,893 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in MicroStrategy by 7,750.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker’s stock worth $45,000 after purchasing an additional 155 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Canaccord Genuity Group reissued a “buy” rating on shares of MicroStrategy in a report on Monday, May 19th. Monness Crespi & Hardt boosted their price target on MicroStrategy from $175.00 to $200.00 and gave the stock a “sell” rating in a report on Tuesday. Cantor Fitzgerald reissued a “hold” rating on shares of MicroStrategy in a report on Monday, May 19th. UBS Group reissued a “buy” rating on shares of MicroStrategy in a report on Friday, May 16th. Finally, Cowen reissued a “buy” rating on shares of MicroStrategy in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $525.67.

MicroStrategy Stock Down 1.9%

Shares of MSTR opened at $442.31 on Wednesday. The stock has a market capitalization of $120.93 billion, a price-to-earnings ratio of -20.28 and a beta of 3.70. MicroStrategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The business’s 50 day simple moving average is $392.74 and its 200-day simple moving average is $345.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned ($0.83) earnings per share.

Insider Activity

In other news, EVP Wei-Ming Shao sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $401.47, for a total transaction of $13,047,775.00. Following the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at approximately $5,109,107.22. The trade was a 71.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,638 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36. Following the transaction, the chief financial officer directly owned 22,077 shares in the company, valued at approximately $9,056,426.94. This represents a 20.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 25,277 shares of company stock worth $2,312,345 and have sold 166,871 shares worth $67,361,417. 8.46% of the stock is owned by company insiders.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.