Navellier & Associates Inc. Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Navellier & Associates Inc. acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,639 shares of the software maker’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Intech Investment Management LLC raised its position in shares of MicroStrategy by 1,136.8% during the 3rd quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after buying an additional 6,639 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of MicroStrategy by 2,791.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 25,564 shares of the software maker’s stock valued at $4,310,000 after buying an additional 24,680 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of MicroStrategy by 924.6% during the 3rd quarter. Moors & Cabot Inc. now owns 51,140 shares of the software maker’s stock valued at $8,622,000 after buying an additional 46,149 shares in the last quarter. EagleClaw Capital Managment LLC raised its position in shares of MicroStrategy by 900.0% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 27,440 shares of the software maker’s stock valued at $4,626,000 after buying an additional 24,696 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of MicroStrategy during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,000 shares of company stock valued at $23,231,977. Company insiders own 13.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MSTR shares. 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. Benchmark increased their target price on shares of MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group increased their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen increased their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.13.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $387.50 on Friday. The firm has a market cap of $78.52 billion, a PE ratio of -183.65 and a beta of 3.05. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $228.07 and its two-hundred day simple moving average is $173.86.

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

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.