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AM Investment Strategies LLC Has $418,000 Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

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Key Points

  • AM Investment Strategies LLC has reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 31.3%, now holding a position worth $418,000 after selling 660 shares during the first quarter.
  • Other institutional investors, including Geode Capital Management and Norges Bank, have increased their holdings in MicroStrategy, reflecting 59.84% institutional ownership of the company's stock.
  • MicroStrategy's recent quarterly results show a significant earnings miss, reporting a loss of ($16.49) per share, compared to a consensus estimate of ($0.02).
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AM Investment Strategies LLC lowered its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,451 shares of the software maker's stock after selling 660 shares during the quarter. AM Investment Strategies LLC's holdings in MicroStrategy were worth $418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in MicroStrategy by 10.2% in the fourth 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. Norges Bank bought a new stake in MicroStrategy in the fourth quarter valued at approximately $523,981,000. Northern Trust Corp raised its stake in MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in MicroStrategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after buying an additional 162,757 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in MicroStrategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after buying an additional 113,752 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total value of $18,836,125.00. Following the completion of the transaction, the chief accounting officer directly owned 8,606 shares in the company, valued at approximately $3,705,227.24. This represents a 83.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 32,500 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 12,726 shares of the company's stock, valued at $5,109,107.22. The trade was a 71.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 25,277 shares of company stock worth $2,312,345 and sold 172,971 shares worth $70,540,378. 8.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on MSTR. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Monness Crespi & Hardt upped their target price on MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research report on Tuesday, July 15th. Finally, Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $525.67.

View Our Latest Report on MicroStrategy

MicroStrategy Stock Up 0.5%

NASDAQ MSTR opened at $414.92 on Friday. The business has a fifty day moving average price of $395.70 and a two-hundred day moving average price of $350.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. MicroStrategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The stock has a market capitalization of $113.44 billion, a PE ratio of -19.02 and a beta of 3.70.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the previous year, the company earned ($0.83) earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

MicroStrategy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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