Hollencrest Capital Management Raises Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Hollencrest Capital Management grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,934 shares of the software maker’s stock after purchasing an additional 75 shares during the quarter. Hollencrest Capital Management’s holdings in MicroStrategy were worth $558,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Allstate Corp purchased a new position in shares of MicroStrategy during the fourth quarter worth about $1,564,000. Selway Asset Management acquired a new stake in MicroStrategy in the fourth quarter valued at about $869,000. World Investment Advisors acquired a new stake in MicroStrategy in the fourth quarter valued at about $1,766,000. Aviva PLC lifted its position in MicroStrategy by 51.2% in the fourth quarter. Aviva PLC now owns 94,953 shares of the software maker’s stock valued at $27,500,000 after purchasing an additional 32,171 shares during the period. Finally, Norges Bank acquired a new stake in MicroStrategy in the fourth quarter valued at about $523,981,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HC Wainwright assumed coverage on shares of MicroStrategy in a research report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective for the company. BTIG Research restated a “buy” rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Cowen reiterated a “buy” rating on shares of MicroStrategy in a research report on Monday. Monness Crespi & Hardt lifted their price target on shares of MicroStrategy from $175.00 to $200.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Barclays reiterated a “hold” rating on shares of MicroStrategy in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $525.67.

Read Our Latest Stock Report on MicroStrategy

Insider Activity

In other MicroStrategy news, Director Jarrod M. Patten acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $425,000.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $425,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 10,900 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $448.89, for a total transaction of $4,892,901.00. Following the completion of the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at approximately $5,712,574.14. This trade represents a 46.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 25,277 shares of company stock valued at $2,312,345 and have sold 177,771 shares valued at $72,254,318. Insiders own 8.46% of the company’s stock.

MicroStrategy Stock Down 0.6%

Shares of MicroStrategy stock opened at $448.83 on Friday. The company has a fifty day moving average price of $394.75 and a 200 day moving average price of $347.02. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. MicroStrategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock has a market cap of $122.71 billion, a price-to-earnings ratio of -20.62 and a beta of 3.70.

MicroStrategy (NASDAQ:MSTRGet Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.83) EPS.

MicroStrategy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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