Navellier & Associates Inc. Acquires 1,358 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Navellier & Associates Inc. boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,156 shares of the software maker's stock after acquiring an additional 1,358 shares during the quarter. Navellier & Associates Inc.'s holdings in MicroStrategy were worth $1,775,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth $26,000. Safe Harbor Fiduciary LLC raised its holdings in MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. First United Bank & Trust bought a new position in MicroStrategy during the first quarter valued at about $29,000. Finally, Siemens Fonds Invest GmbH increased its stake in shares of MicroStrategy by 6,992.7% in the fourth 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. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jarrod M. Patten purchased 5,000 shares of the stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of $85.00 per share, with a total value of $425,000.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $425,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 10,900 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $448.89, for a total transaction of $4,892,901.00. Following the completion of the transaction, the executive vice president directly owned 12,726 shares in the company, valued at approximately $5,712,574.14. This represents a 46.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,277 shares of company stock worth $2,312,345 and sold 172,971 shares worth $70,540,378. Company insiders own 8.46% of the company's stock.

Analyst Ratings Changes

MSTR has been the topic of a number of recent research reports. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Monness Crespi & Hardt boosted their price target on shares of MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $525.67.

MicroStrategy Stock Performance

NASDAQ:MSTR traded down $9.03 during mid-day trading on Friday, hitting $405.89. The stock had a trading volume of 8,337,652 shares, compared to its average volume of 12,477,738. MicroStrategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock has a market cap of $110.97 billion, a price-to-earnings ratio of -18.61 and a beta of 3.70. The company's 50 day simple moving average is $395.82 and its 200 day simple moving average is $350.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued 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 net margin of 1,160.72% and a negative return on equity of 37.64%. The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter last year, the business posted ($0.83) earnings per share. The company's revenue for the quarter was down 3.6% on a year-over-year basis.

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.