Vinva Investment Management Ltd Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Vinva Investment Management Ltd purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,536 shares of the software maker's stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also modified their holdings of MSTR. Cetera Investment Advisers bought a new stake in shares of MicroStrategy in the first quarter valued at about $8,901,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of MicroStrategy in the first quarter valued at approximately $1,106,000. GAMMA Investing LLC grew its position in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker's stock worth $41,000 after buying an additional 8 shares in the last quarter. DNB Asset Management AS bought a new position in MicroStrategy during the 2nd quarter worth $3,606,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in MicroStrategy in the 2nd quarter valued at $37,000. Institutional investors own 72.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an "overweight" rating and a $194.00 price target on the stock. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein boosted their target price on MicroStrategy from $290.00 to $600.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $479.25.

Insider Transactions at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 5,670 shares of the company's stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company's stock, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last ninety days. 13.18% of the stock is owned by company insiders.

MicroStrategy Trading Down 0.4 %

MSTR stock traded down $1.37 during trading on Friday, hitting $387.47. The company had a trading volume of 21,987,617 shares, compared to its average volume of 37,282,508. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average of $258.37 and a 200-day moving average of $185.35. The stock has a market cap of $78.52 billion, a PE ratio of -183.90 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the business earned ($8.98) EPS. The business's quarterly revenue was down 10.3% compared to the same quarter last year.

About MicroStrategy

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.