MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Greenleaf Trust

Greenleaf Trust lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,671 shares of the software maker's stock after acquiring an additional 828 shares during the quarter. Greenleaf Trust's holdings in MicroStrategy were worth $1,635,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Allstate Corp acquired a new position in MicroStrategy during the 4th quarter valued at approximately $1,564,000. Selway Asset Management acquired a new position in MicroStrategy during the 4th quarter valued at approximately $869,000. World Investment Advisors acquired a new position in MicroStrategy during the 4th quarter valued at approximately $1,766,000. Aviva PLC boosted its position in MicroStrategy by 51.2% during the 4th quarter. Aviva PLC now owns 94,953 shares of the software maker's stock valued at $27,500,000 after purchasing an additional 32,171 shares during the period. Finally, Norges Bank acquired a new position in MicroStrategy during the 4th quarter valued at approximately $523,981,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MSTR shares. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. UBS Group restated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Finally, BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $514.42.

MicroStrategy Stock Up 1.5%

MSTR opened at $421.74 on Friday. MicroStrategy Incorporated has a one year low of $102.40 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The stock's fifty day moving average is $389.52 and its 200-day moving average is $343.26. The company has a market capitalization of $115.30 billion, a PE ratio of -19.33 and a beta of 3.70.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. The firm's quarterly revenue was down 3.6% on a year-over-year basis.

Insider Buying and Selling

In other news, CEO Phong Le sold 5,295 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the sale, the chief executive officer owned 24,790 shares of the company's stock, valued at approximately $9,284,846.60. The trade was a 17.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten bought 5,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $425,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at $425,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 25,277 shares of company stock worth $2,312,345 and have sold 70,621 shares worth $25,935,717. 8.46% of the stock is currently owned by corporate insiders.

About MicroStrategy

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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