Mustard Seed Financial LLC Invests $341,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Mustard Seed Financial LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,179 shares of the software maker’s stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC bought a new position in shares of MicroStrategy in the fourth quarter worth approximately $247,000. Westside Investment Management Inc. purchased a new stake in MicroStrategy in the 4th quarter worth $60,000. Daymark Wealth Partners LLC purchased a new stake in MicroStrategy in the 4th quarter worth $468,000. XML Financial LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at about $434,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of MicroStrategy by 450.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,840 shares of the software maker’s stock valued at $6,325,000 after acquiring an additional 17,870 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the topic of several recent analyst reports. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group upped their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. 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. Finally, BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $479.25.

Insider Buying and Selling

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly 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 sale was disclosed in a filing 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 that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last three months. 9.16% of the stock is owned by insiders.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $377.31 on Thursday. 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 12-month low of $43.87 and a 12-month high of $543.00. The firm’s 50-day moving average price is $366.62 and its 200-day moving average price is $240.20.

MicroStrategy (NASDAQ:MSTR) last issued 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 company had revenue of $116.07 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned ($8.98) earnings per share.

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.