Centric Wealth Management Raises Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Centric Wealth Management boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,023.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,370 shares of the software maker’s stock after buying an additional 1,248 shares during the period. Centric Wealth Management’s holdings in MicroStrategy were worth $231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in MicroStrategy during the 3rd quarter valued at $27,000. ST Germain D J Co. Inc. grew its position in MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in MicroStrategy in the third quarter worth $32,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Price Performance

NASDAQ MSTR opened at $388.84 on Friday. The company has a fifty day moving average of $248.63 and a 200 day moving average of $181.70. 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 Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period last year, the firm earned ($8.98) earnings per share. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSTR shares. Benchmark boosted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays lifted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by corporate insiders.

MicroStrategy Company 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.