Amalgamated Bank Purchases 3,747 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Amalgamated Bank raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,455 shares of the software maker's stock after buying an additional 3,747 shares during the period. Amalgamated Bank's holdings in MicroStrategy were worth $3,590,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSTR. IAG Wealth Partners LLC purchased a new stake in MicroStrategy during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC boosted its holdings in shares of MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth about $26,000. Safe Harbor Fiduciary LLC boosted its holdings in shares of 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 purchasing an additional 82 shares during the period. Finally, First United Bank & Trust purchased a new stake in shares of MicroStrategy during the first quarter worth about $29,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Carl J. Rickertsen sold 26,390 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were 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. This trade represents a 96.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten bought 10,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $101.38 per share, with a total value of $1,013,800.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at approximately $1,013,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 25,277 shares of company stock valued at $2,312,345 and have sold 70,621 shares valued at $25,935,717. Company insiders own 8.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a report on Tuesday, April 1st. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Barclays reiterated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Finally, HC Wainwright began coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

MicroStrategy Trading Up 0.8%

MSTR stock traded up $3.18 during trading on Friday, reaching $405.46. The company had a trading volume of 10,013,902 shares, compared to its average volume of 17,975,211. MicroStrategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The company has a market cap of $110.85 billion, a P/E ratio of -18.59 and a beta of 3.70. The business has a 50 day moving average of $387.17 and a 200 day moving average of $341.43. 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 (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business 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 business posted ($0.83) EPS. MicroStrategy's revenue for the quarter was down 3.6% on a year-over-year basis.

MicroStrategy Profile

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.