Resolute Advisors LLC Increases Stake in MicroStrategy Incorporated

Resolute Advisors LLC has significantly increased its investment in MicroStrategy Incorporated (NASDAQ:MSTR) by an astounding 9,900.0% during the third quarter, as revealed in their latest filing with the Securities and Exchange Commission. The institutional investor now holds a total of 3,000 shares of the software company's stock after acquiring an additional 2,970 shares in the recent quarter. As of the end of the last quarter, Resolute Advisors LLC's holdings in MicroStrategy were valued at approximately $506,000.

Other institutional investors have also adjusted their positions in MicroStrategy. UMB Bank N.A. boosted its stake in the software maker by 900.0% during the third quarter, now owning 150 shares worth $25,000 after purchasing an additional 135 shares. Similarly, AlphaMark Advisors LLC increased its holdings by 2,900.0% and now also owns 150 shares worth $25,000 after buying an additional 145 shares. Capital Performance Advisors LLP made a new investment in MicroStrategy valued at around $27,000 in the same quarter.

Additionally, ST Germain D J Co. Inc. raised its stakes by 900.0% to now own 170 shares valued at $29,000 after acquiring an additional 153 shares during the period. Fairman Group LLC also grew its holdings in MicroStrategy by 900.0%, bringing their total to 200 shares worth $34,000 after acquiring an additional 180 shares. It's noteworthy that about 72.03% of MicroStrategy's stock is currently held by institutional investors.

MicroStrategy Stock Performance

As of Friday, the stock price of MicroStrategy (MSTR) opened at $270.42. The company boasts a market capitalization of $54.80 billion, with a price-to-earnings ratio of -128.16 and a beta of 3.05. The firm has a debt-to-equity ratio of 1.12, quick ratio of 0.47, and current ratio of 0.65. MicroStrategy stock has fluctuated, with a one-year low of $43.87 and a one-year high of $280.80. The 50-day moving average stands at $183.23, while the 200-day moving average is $158.00.

Quarterly Earnings Snapshot

MicroStrategy recently reported its quarterly earnings, revealing a loss of ($1.56) earnings per share, which fell short of analysts' consensus estimates of ($0.12) by a significant margin of ($1.44). The company's revenue for the quarter came in at $116.07 million, while analysts had projected $121.45 million. Additionally, MicroStrategy reported a negative return on equity of 17.31% and a negative net margin of 87.05%. Over the past year, their revenue declined by 10.3%. In comparison, the company had a loss of ($8.98) earnings per share in the same quarter last year.

Analyst Ratings and Price Targets

Several analysts have recently shared their insights regarding MicroStrategy's stock. BTIG Research raised their target price for MicroStrategy shares from $180.00 to $240.00, maintaining a "buy" rating in a note dated October 21st. Barclays also revised their price objective from $225.00 to $275.00, labeling the stock as "overweight" in their report on November 4th. Maxim Group increased their target price from $193.00 to $270.00, also rating the stock as a "buy" in a report published on October 31st. Likewise, Canaccord Genuity Group lifted their price target for MicroStrategy from $173.00 to $300.00 with a "buy" rating.

Moreover, Cantor Fitzgerald initiated coverage on MicroStrategy on August 21st, giving an "overweight" rating with a price target of $194.00. A consensus among analysts indicates that the stock currently holds a rating of "Moderate Buy" with a collective price target of $271.13.

Insider Activity Insights

In insider news, Executive Vice President Wei-Ming Shao sold 3,000 shares on August 22nd at an average price of $141.20, totaling $423,600. After this transaction, Shao owns 6,460 shares valued at approximately $912,152, reflecting no change in his overall position. Chief Financial Officer Andrew Kang also sold 5,700 shares in a transaction on November 6th at an average price of $257.15, amounting to $1,465,755. Following this, Kang holds 12,080 shares worth $3,106,372, which again shows no change in ownership percentage. Over the past three months, insiders have sold a total of 163,788 shares valued at nearly $29.9 million, with insiders maintaining ownership of 13.18% of the company's shares.

Company Overview

MicroStrategy Incorporated specializes in artificial intelligence-enhanced analytics software and services, operating across various global regions including the United States, Europe, the Middle East, and Africa. Their flagship product, MicroStrategy ONE, provides easy access to valuable insights for decision-making. They also offer the MicroStrategy Cloud for Government service, which ensures continuous threat monitoring that meets stringent regulatory and technical standards.

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