Unique Wealth LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Unique Wealth LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,229 shares of the software maker’s stock, valued at approximately $356,000.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in MicroStrategy by 20.8% in the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock worth $2,890,000 after purchasing an additional 361 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in MicroStrategy during the 2nd quarter worth approximately $2,157,000. Dai ichi Life Insurance Company Ltd bought a new position in MicroStrategy in the second quarter worth approximately $826,000. Parallel Advisors LLC grew its stake in MicroStrategy by 769.1% in the second quarter. Parallel Advisors LLC now owns 843 shares of the software maker’s stock valued at $1,161,000 after acquiring an additional 746 shares during the period. Finally, Rathbones Group PLC increased its holdings in shares of MicroStrategy by 18.5% during the second quarter. Rathbones Group PLC now owns 826 shares of the software maker’s stock valued at $1,138,000 after acquiring an additional 129 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR opened at $328.40 on Tuesday. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s fifty day moving average price is $355.08 and its two-hundred day moving average price is $228.98. The firm has a market cap of $78.70 billion, a PE ratio of -155.86 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($8.98) earnings per share.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction dated 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 ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSTR. Canaccord Genuity Group increased their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group boosted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

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.