Resolute Advisors LLC Increases Holdings in MicroStrategy Incorporated

Resolute Advisors LLC has significantly expanded its investment in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by an astonishing 9,900.0% during the third quarter, as stated in their latest report to the Securities and Exchange Commission. After acquiring an additional 2,970 shares in the quarter, the institutional investor now holds a total of 3,000 shares of the software company's stock, valued at approximately $506,000 at the end of the quarter.

Other institutional investors have also made notable changes to their stakes in MicroStrategy. For instance, UMB Bank n.a. raised its investment in the company by 900.0%, bringing its total shareholding to 150 and making its stake worth $25,000 after buying an extra 135 shares. Similarly, AlphaMark Advisors LLC saw an increase of 2,900.0% in their holdings, also owning 150 shares worth $25,000 after an additional purchase of 145 shares. Capital Performance Advisors LLP made a new investment in MicroStrategy valued at about $27,000 during the same quarter. Other significant increases include a 900.0% boost in holdings from ST Germain D J Co. Inc. and Fairman Group LLC, with share values now standing at $29,000 and $34,000 respectively. Notably, institutional investors currently hold around 72.03% of MicroStrategy's stock.

MicroStrategy Stock Insights

As of the last trading session, MSTR shares opened at $270.42. MicroStrategy has a market capitalization of $54.80 billion and a price-to-earnings ratio of -128.16, with a beta of 3.05. The company's debt-to-equity ratio is 1.12, while its quick and current ratios are 0.47 and 0.65, respectively. Over the past year, MicroStrategy's stock reached a low of $43.87 and a high of $280.80, with a 50-day moving average of $183.23 and a 200-day moving average of $158.00.

Quarterly Earnings Report

MicroStrategy recently released its quarterly earnings data on October 30th. The company reported an earnings per share of ($1.56), which fell short of analysts' expectations of ($0.12) by $1.44. The reported revenue for the quarter was $116.07 million, also below the anticipated $121.45 million. The company has been facing challenges, indicated by a negative return on equity of 17.31% and a negative net margin of 87.05%. Year-over-year, MicroStrategy experienced a revenue decline of 10.3%, compared to the same quarter last year when it reported earnings of ($8.98) per share.

Analyst Ratings and Price Targets

Recent comments from several brokerages have led to new price targets for MicroStrategy. BTIG Research increased its target price from $180.00 to $240.00 while giving the stock a "buy" rating on October 21st. Barclays also raised their price objective from $225.00 to $275.00, rating it as "overweight". Maxim Group adjusted their target from $193.00 to $270.00, maintaining a "buy" rating. Canaccord Genuity Group's new target stands at $300.00 following their analysis, while Cantor Fitzgerald initiated coverage with an "overweight" rating at a $194.00 price objective. Overall, one analyst has issued a sell rating, while eight others recommend buying the stock, reflecting a consensus rating of "Moderate Buy" with an average price target of $271.13.

Insider Transactions

In recent news regarding insider trading, Executive Vice President Wei-Ming Shao sold 3,000 shares on August 22nd, at an average price of $141.20, totaling $423,600. This action reduced the executive's ownership to 6,460 shares, valued at $912,152. Similarly, Chief Financial Officer Andrew Kang sold 5,700 shares on November 6th for $257.15 per share, amounting to $1,465,755. Following this transaction, Kang owns 12,080 shares valued at $3,106,372. In total, insiders have sold 163,788 shares valued at $29,895,333 over the past three months, with insiders holding 13.18% of MicroStrategy's stock.

About MicroStrategy Incorporated

MicroStrategy Incorporated is a company specializing in artificial intelligence-powered enterprise analytics software and services around the world, including in the United States, Europe, the Middle East, and Africa. Its flagship product, MicroStrategy ONE, allows non-technical users to access relevant insights for informed decision-making. Additionally, it offers MicroStrategy Cloud for Government, providing essential monitoring services that cater to governmental and financial sector requirements.

Investment, Stock, Market