OVERSEA CHINESE BANKING Corp Ltd Makes New $13.80 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,853 shares of the software maker's stock, valued at approximately $13,795,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the period. Dunhill Financial LLC acquired a new position in MicroStrategy during the fourth quarter worth about $26,000. Safe Harbor Fiduciary LLC grew its position in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. First United Bank & Trust acquired a new stake in shares of MicroStrategy in the first quarter valued at approximately $29,000. Finally, Horrell Capital Management Inc. acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $31,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Up 3.0%

Shares of MSTR opened at $434.58 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $118.81 billion, a P/E ratio of -19.92 and a beta of 3.70. The stock's fifty day simple moving average is $390.32 and its 200 day simple moving average is $343.70. MicroStrategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its 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 firm had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period last year, the business posted ($0.83) earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSTR. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Barclays reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright began coverage on shares of MicroStrategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target on the stock. Finally, BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Insider Buying and Selling

In other news, Director Carl J. Rickertsen sold 26,390 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the completion of the sale, the director directly owned 980 shares in the company, valued at $364,952. This trade represents a 96.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten bought 10,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $101.38 per share, with a total value of $1,013,800.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company's stock, valued at approximately $1,013,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 25,277 shares of company stock valued at $2,312,345 and sold 123,121 shares valued at $47,355,492. 8.46% of the stock is owned by company 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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