Dynamic Advisor Solutions LLC Decreases Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Dynamic Advisor Solutions LLC cut its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,519 shares of the software maker’s stock after selling 2,262 shares during the period. Dynamic Advisor Solutions LLC’s holdings in MicroStrategy were worth $1,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in MicroStrategy by 3.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of MicroStrategy in the second quarter valued at $106,000. Harbor Investment Advisory LLC raised its stake in shares of MicroStrategy by 14.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after buying an additional 85 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of MicroStrategy by 10.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after buying an additional 87 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 5.2 %

Shares of NASDAQ:MSTR opened at $353.67 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $84.76 billion, a price-to-earnings ratio of -167.85 and a beta of 3.25. The stock’s 50-day moving average price is $367.79 and its two-hundred day moving average price is $243.47. MicroStrategy Incorporated has a 12-month low of $44.59 and a 12-month high of $543.00.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group raised their price objective 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. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by corporate insiders.

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.