Gladstone Institutional Advisory LLC Sells 232 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Gladstone Institutional Advisory LLC reduced its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 38.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 379 shares of the software maker’s stock after selling 232 shares during the period. Gladstone Institutional Advisory LLC’s holdings in MicroStrategy were worth $239,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of MicroStrategy in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd increased its holdings in shares of MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares during the period. Signaturefd LLC lifted its stake in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after purchasing an additional 29 shares during the last quarter. NBC Securities Inc. bought a new stake in MicroStrategy during the third quarter valued at about $41,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after purchasing an additional 135 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $852.74, for a total transaction of $2,558,220.00. Following the sale, the executive vice president now owns 453 shares of the company’s stock, valued at approximately $386,291.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $852.74, for a total transaction of $2,558,220.00. Following the sale, the executive vice president now directly owns 453 shares of the company’s stock, valued at approximately $386,291.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,177 shares of company stock worth $98,587,511. Insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. BTIG Research raised their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group reduced their target price on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Finally, Benchmark reiterated a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,678.75.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR traded up $140.77 during trading on Friday, hitting $1,684.84. The stock had a trading volume of 1,206,856 shares, compared to its average volume of 1,357,804. The stock has a 50-day simple moving average of $1,439.23 and a two-hundred day simple moving average of $942.93. The stock has a market capitalization of $29.89 billion, a price-to-earnings ratio of -251.47 and a beta of 3.00. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. The business had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

About MicroStrategy

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.