Resolute Advisors LLC Has $722,000 Stock Position in MicroStrategy Incorporated $MSTR

Key Points

• Resolute Advisors LLC increased its stake in MicroStrategy by 57.9% during the 1st quarter, holding 2,506 shares valued at approximately $722,000.
• MicroStrategy recently reported an earnings per share (EPS) of $32.60 for the quarter, significantly exceeding the consensus estimate of ($0.12), with a revenue of $114.49 million.
• Insider transactions included notable sales, with Director Carl J. Rickertsen selling 26,390 shares for approximately $9.83 million, resulting in a 96.42% decrease in their ownership stake.

Resolute Advisors LLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 57.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,506 shares of the software maker's stock after acquiring an additional 919 shares during the quarter. MicroStrategy makes up about 0.2% of Resolute Advisors LLC's portfolio, making the stock its 24th biggest holding. Resolute Advisors LLC's holdings in MicroStrategy were worth $722,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Dunhill Financial LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $26,000. Safe Harbor Fiduciary LLC boosted its stake in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. First United Bank & Trust bought a new stake in shares of MicroStrategy during the first quarter valued at approximately $29,000. Hexagon Capital Partners LLC boosted its stake in MicroStrategy by 7,750.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 157 shares of the software maker's stock valued at $45,000 after purchasing an additional 155 shares during the last quarter. Finally, Vermillion Wealth Management Inc. bought a new position in shares of MicroStrategy during the fourth quarter valued at about $54,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $344.37 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. MicroStrategy Incorporated has a fifty-two week low of $113.69 and a fifty-two week high of $543.00. The stock has a market cap of $97.65 billion, a PE ratio of 30.31 and a beta of 3.76. The stock has a fifty day moving average of $395.43 and a 200-day moving average of $354.40.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. MicroStrategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned ($5.74) EPS. MicroStrategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Cantor Fitzgerald reiterated an "overweight" rating on shares of MicroStrategy in a research note on Wednesday, August 13th. Monness Crespi & Hardt raised their target price on MicroStrategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $552.50.

Insider Activity at MicroStrategy

In other news, Director Carl J. Rickertsen sold 26,390 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the completion of the transaction, the director owned 980 shares of the company's stock, valued at approximately $364,952. The trade was a 96.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 32,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total value of $13,047,775.00. Following the sale, the executive vice president owned 12,726 shares in the company, valued at $5,109,107.22. The trade was a 71.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 278,132 shares of company stock valued at $25,145,795 and have sold 188,933 shares valued at $76,682,203. Insiders own 8.46% of the company's stock.

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.

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