MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Nkcfo LLC

Nkcfo LLC trimmed its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,650 shares of the software maker’s stock after selling 500 shares during the period. MicroStrategy comprises 0.9% of Nkcfo LLC’s holdings, making the stock its 24th largest position. Nkcfo LLC’s holdings in MicroStrategy were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MSTR. IFP Advisors Inc grew its position in shares of MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after acquiring an additional 1,361 shares during the period. Strong Tower Advisory Services acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $6,566,000. International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $12,367,000. Vanguard Group Inc. raised its stake in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares during the period. Finally, RIA Advisory Group LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at approximately $3,118,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

MicroStrategy Stock Up 8.3 %

Shares of NASDAQ MSTR traded up $93.59 during mid-day trading on Friday, hitting $1,223.01. The company had a trading volume of 1,560,962 shares, compared to its average volume of 1,593,081. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.83. The company has a market capitalization of $20.75 billion, a PE ratio of -182.54 and a beta of 3.00. The business’s 50-day simple moving average is $1,396.42 and its 200 day simple moving average is $838.88. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The company had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 1,140 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the transaction, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 1,140 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the transaction, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The disclosure for this sale can be found here. Insiders have sold 102,452 shares of company stock valued at $115,133,997 in the last ninety days. Insiders own 13.18% of the company’s stock.

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.