Greenleaf Trust Raises Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Greenleaf Trust grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,671 shares of the software maker's stock after purchasing an additional 828 shares during the period. Greenleaf Trust's holdings in MicroStrategy were worth $1,635,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSTR. Maryland State Retirement & Pension System grew its position in shares of MicroStrategy by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after purchasing an additional 30 shares in the last quarter. Family Management Corp increased its holdings in MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after acquiring an additional 30 shares during the period. Oder Investment Management LLC increased its holdings in MicroStrategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after acquiring an additional 38 shares during the period. Rothschild Investment LLC increased its holdings in MicroStrategy by 2.3% during the 1st quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after acquiring an additional 46 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management increased its holdings in MicroStrategy by 2.9% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,017 shares of the software maker's stock worth $584,000 after acquiring an additional 57 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of analyst reports. HC Wainwright initiated 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. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

MicroStrategy Trading Up 3.0%

Shares of MSTR traded up $12.84 during mid-day trading on Friday, reaching $434.58. The company's stock had a trading volume of 18,403,922 shares, compared to its average volume of 17,995,119. MicroStrategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The stock has a market cap of $118.81 billion, a PE ratio of -19.92 and a beta of 3.70. The company's fifty day moving average price is $389.52 and its two-hundred day moving average price is $343.26. 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 posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share 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 business 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 earned ($0.83) earnings per share. The business's revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 339 shares of MicroStrategy stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.55, for a total value of $126,972.45. Following the transaction, the chief accounting officer directly owned 8,605 shares of the company's stock, valued at $3,223,002.75. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 1,701 shares of MicroStrategy stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $637,092.54. Following the completion of the transaction, the executive vice president directly owned 12,726 shares in the company, valued at $4,766,396.04. This trade represents a 11.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 25,277 shares of company stock worth $2,312,345 and have sold 70,621 shares worth $25,935,717. 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.