Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 1,116.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,302 shares of the software maker's stock after acquiring an additional 62,688 shares during the quarter. MicroStrategy comprises about 2.0% of Acorn Financial Advisory Services Inc. ADV's investment portfolio, making the stock its 12th biggest position. Acorn Financial Advisory Services Inc. ADV's holdings in MicroStrategy were worth $11,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of MSTR. Vanguard Group Inc. increased its holdings in shares of MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker's stock valued at $2,647,263,000 after acquiring an additional 401,071 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker's stock valued at $40,223,000 after buying an additional 238,463 shares in the last quarter. Capital International Investors grew its position in shares of MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker's stock worth $3,053,828,000 after buying an additional 232,667 shares during the last quarter. National Pension Service raised its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker's stock worth $41,307,000 after acquiring an additional 220,500 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in MicroStrategy during the third quarter valued at approximately $35,558,000. 72.03% of the stock is currently owned by institutional investors.
NASDAQ:MSTR traded down $0.39 during mid-day trading on Friday, hitting $270.42. The company had a trading volume of 18,764,220 shares, compared to its average volume of 21,008,154. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $280.80. The business has a fifty day simple moving average of $183.23 and a 200-day simple moving average of $158.00. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $54.80 billion, a price-to-earnings ratio of -128.16 and a beta of 3.05.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($8.98) earnings per share.
A number of analysts have recently weighed in on the company. Canaccord Genuity Group raised their price objective on MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Benchmark upped their target price on MicroStrategy from $245.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. BTIG Research lifted their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One 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 has an average rating of "Moderate Buy" and an average target price of $271.13.
Get Our Latest Stock Analysis on MicroStrategy
In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares of the company's stock, valued at approximately $3,106,372. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,788 shares of company stock valued at $29,895,333. Insiders own 13.18% of the company's stock.
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.
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