Exchange Traded Concepts LLC Has $20.10 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Exchange Traded Concepts LLC decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 38.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,402 shares of the software maker’s stock after selling 44,199 shares during the period. Exchange Traded Concepts LLC’s holdings in MicroStrategy were worth $20,100,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Impact Partnership Wealth LLC bought a new position in MicroStrategy during the fourth quarter worth about $917,000. Patriot Investment Management Group Inc. raised its position in shares of MicroStrategy by 44.1% during the fourth quarter. Patriot Investment Management Group Inc. now owns 18,032 shares of the software maker’s stock worth $5,222,000 after purchasing an additional 5,522 shares during the period. Southland Equity Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at about $266,000. Yeomans Consulting Group Inc. acquired a new position in shares of MicroStrategy in the 4th quarter valued at approximately $343,000. Finally, Key Client Fiduciary Advisors LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $315,000. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSTR. Canaccord Genuity Group upped 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. 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 note on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, TD Cowen boosted 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. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by company insiders.

MicroStrategy Stock Down 0.8 %

MSTR stock opened at $370.29 on Friday. MicroStrategy Incorporated has a twelve month low of $44.59 and a twelve month high of $543.00. The company has a market cap of $88.74 billion, a price-to-earnings ratio of -177.57 and a beta of 3.25. 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 business has a 50 day moving average price of $367.53 and a two-hundred day moving average price of $241.12.

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

MicroStrategy 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.