Gulf International Bank UK Ltd Decreases Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Key Points

• Gulf International Bank UK Ltd reduced its stake in MicroStrategy by 20.2%, now holding 12,153 shares valued at approximately $3.5 million.
• MicroStrategy's shares have received a consensus rating of Moderate Buy from analysts, with price targets ranging from $200.00 to $700.00.
• Despite a 4.3% decline in stock price, MicroStrategy reported strong earnings per share of $32.60, significantly exceeding expectations.

Gulf International Bank UK Ltd trimmed its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,153 shares of the software maker's stock after selling 3,080 shares during the period. Gulf International Bank UK Ltd's holdings in MicroStrategy were worth $3,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of MicroStrategy during the 1st quarter valued at approximately $13,795,000. Strategic Advocates LLC lifted its position in shares of MicroStrategy by 5.4% during the 1st quarter. Strategic Advocates LLC now owns 7,853 shares of the software maker's stock valued at $2,264,000 after acquiring an additional 403 shares during the period. Arkadios Wealth Advisors lifted its position in shares of MicroStrategy by 14.3% during the 1st quarter. Arkadios Wealth Advisors now owns 5,433 shares of the software maker's stock valued at $1,566,000 after acquiring an additional 679 shares during the period. Pin Oak Investment Advisors Inc. lifted its position in shares of MicroStrategy by 95.9% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 568 shares of the software maker's stock valued at $164,000 after acquiring an additional 278 shares during the period. Finally, Navellier & Associates Inc. lifted its position in shares of MicroStrategy by 28.3% during the 1st quarter. Navellier & Associates Inc. now owns 6,156 shares of the software maker's stock valued at $1,775,000 after acquiring an additional 1,358 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSTR. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Cantor Fitzgerald reissued an "overweight" rating on shares of MicroStrategy in a research note on Wednesday. BTIG Research raised their price objective on shares of MicroStrategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Benchmark reissued a "buy" rating on shares of MicroStrategy in a research note on Wednesday. Finally, Monness Crespi & Hardt raised their price objective on shares of MicroStrategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $552.50.

MicroStrategy Trading Down 4.3%

MSTR traded down $16.96 during trading on Thursday, hitting $372.94. The company's stock had a trading volume of 16,425,927 shares, compared to its average volume of 10,832,885. The firm's 50 day moving average price is $398.11 and its 200-day moving average price is $353.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $101.96 billion, a PE ratio of 32.83 and a beta of 3.76. MicroStrategy Incorporated has a twelve month low of $113.69 and a twelve month high of $543.00.

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

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 43,750 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the completion of the sale, the chief accounting officer owned 8,606 shares of the company's stock, valued at $3,705,227.24. This represents a 83.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 18,750 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the completion of the sale, the chief financial officer directly owned 24,460 shares of the company's stock, valued at $9,661,700. The trade was a 43.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 278,132 shares of company stock valued at $25,145,795 and have sold 194,571 shares valued at $78,995,024. Company insiders own 8.46% of the company's stock.

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.