China Universal Asset Management Co. Ltd. Boosts Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

China Universal Asset Management Co. Ltd. increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 97.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,871 shares of the software maker's stock after purchasing an additional 2,893 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in MicroStrategy were worth $1,692,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MSTR. Norges Bank bought a new stake in shares of MicroStrategy in the 4th quarter worth approximately $523,981,000. Amundi raised its holdings in MicroStrategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares during the period. First Trust Advisors LP raised its holdings in MicroStrategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after acquiring an additional 303,517 shares during the period. Geode Capital Management LLC raised its holdings in MicroStrategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Finally, GAMMA Investing LLC raised its holdings in MicroStrategy by 42,473.7% during the 1st quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker's stock valued at $68,973,000 after acquiring an additional 238,702 shares during the period. Institutional investors own 59.84% of the company's stock.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 5,638 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36. Following the completion of the transaction, the chief financial officer directly owned 22,077 shares in the company, valued at approximately $9,056,426.94. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le sold 5,295 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the transaction, the chief executive officer owned 24,790 shares of the company's stock, valued at $9,284,846.60. This trade represents a 17.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 25,277 shares of company stock valued at $2,312,345 and sold 70,621 shares valued at $25,935,717. 8.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BTIG Research reissued a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Monness Crespi & Hardt cut shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Cantor Fitzgerald reissued a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Barclays reissued a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, HC Wainwright assumed coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

MicroStrategy Price Performance

Shares of MicroStrategy stock traded up $1.27 during trading on Tuesday, hitting $396.94. The stock had a trading volume of 6,944,781 shares, compared to its average volume of 17,895,037. The firm has a market cap of $108.52 billion, a price-to-earnings ratio of -18.20 and a beta of 3.70. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The business's 50-day moving average is $387.70 and its 200 day moving average is $341.75. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) 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 company had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same quarter last year, the firm posted ($0.83) earnings per share. The firm's revenue was down 3.6% on a year-over-year basis.

MicroStrategy Company 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.