BI Asset Management Fondsmaeglerselskab A S Sells 19,103 Shares of MicroStrategy Incorporated $MSTR

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly reduced its stake in MicroStrategy by selling 19,103 shares, dropping its holdings by 64.9% to 10,325 shares valued at approximately $2.98 million.
• Several other hedge funds made notable adjustments to their positions, with Siemens Fonds Invest GmbH increasing its stake by an astonishing 6,992.7%, now owning 119,654 shares worth about $33,000.
• MicroStrategy's stock has received a consistent "buy" rating from multiple analysts, with an average price target of $552.50, reflecting strong market confidence despite mixed movements in share ownership.

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,325 shares of the software maker's stock after selling 19,103 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in MicroStrategy were worth $2,976,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dunhill Financial LLC bought a new position in shares of MicroStrategy during the fourth quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC raised its holdings in MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. First United Bank & Trust bought a new position in MicroStrategy in the 1st quarter worth $29,000. Siemens Fonds Invest GmbH lifted its position in shares of MicroStrategy by 6,992.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock worth $33,000 after purchasing an additional 117,967 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of 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 in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MSTR shares. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. Mizuho increased their target price on MicroStrategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. Benchmark restated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, August 13th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of MicroStrategy in a research note on Wednesday, August 13th. Finally, HC Wainwright began coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $552.50.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 18,750 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the sale, the chief financial officer owned 24,460 shares in the company, valued at $9,661,700. This represents a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jarrod M. Patten acquired 5,555 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average price of $90.00 per share, with a total value of $499,950.00. Following the completion of the acquisition, the director owned 5,555 shares in the company, valued at $499,950. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 278,132 shares of company stock worth $25,145,795 and sold 188,933 shares worth $76,682,203. 8.46% of the stock is owned by company insiders.

MicroStrategy Stock Up 2.3%

MSTR stock opened at $344.37 on Thursday. The business has a 50 day moving average of $395.43 and a 200 day moving average of $354.40. The firm has a market cap of $97.65 billion, a PE ratio of 30.31 and a beta of 3.76. MicroStrategy Incorporated has a twelve month low of $113.69 and a twelve month high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

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

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.

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