Kingswood Wealth Advisors LLC Has $11.26 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Kingswood Wealth Advisors LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,815 shares of the software maker's stock after selling 15,023 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in MicroStrategy were worth $11,257,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in MicroStrategy in the 4th quarter valued at $523,981,000. Amundi increased its holdings in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares during the period. First Trust Advisors LP increased its holdings in MicroStrategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at $81,783,000. Finally, Geode Capital Management LLC increased its holdings in MicroStrategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after buying an additional 281,342 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jarrod M. Patten sold 1,100 shares of MicroStrategy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the sale, the director now owns 9,170 shares in the company, valued at $3,915,590. The trade was a 10.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 339 shares of MicroStrategy stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the sale, the chief accounting officer now owns 8,605 shares of the company's stock, valued at approximately $3,223,002.75. This represents a 3.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 25,277 shares of company stock valued at $2,312,345 and have sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

MicroStrategy Price Performance

NASDAQ:MSTR traded down $6.15 during mid-day trading on Thursday, reaching $369.03. 9,128,059 shares of the company were exchanged, compared to its average volume of 17,961,893. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a fifty day moving average of $373.78 and a 200 day moving average of $341.81. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The stock has a market cap of $100.89 billion, a PE ratio of -16.92 and a beta of 3.73.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the company earned ($0.83) EPS. The firm's revenue was down 3.6% compared to the same quarter last year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MSTR shares. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, HC Wainwright started coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.