BNC Wealth Management LLC Invests $898,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

BNC Wealth Management LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,099 shares of the software maker’s stock, valued at approximately $898,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of MicroStrategy by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock valued at $2,890,000 after buying an additional 361 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of MicroStrategy by 159.7% in the 2nd quarter. Edgestream Partners L.P. now owns 470 shares of the software maker’s stock valued at $647,000 after buying an additional 289 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of MicroStrategy in the 2nd quarter valued at approximately $303,000. Amalgamated Bank raised its position in shares of MicroStrategy by 72.3% in the 2nd quarter. Amalgamated Bank now owns 870 shares of the software maker’s stock valued at $1,198,000 after buying an additional 365 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of MicroStrategy by 31.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 760 shares of the software maker’s stock valued at $1,047,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 in the last quarter. Company insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $396.50 on Friday. The firm’s fifty day moving average is $363.86 and its 200-day moving average is $234.79. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm earned ($8.98) EPS. The firm’s revenue was down 10.3% on a year-over-year basis.

Wall Street Analyst Weigh In

MSTR has been the topic of several research reports. Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy 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.