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

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

Other institutional investors also recently modified their holdings of the company. Family Management Corp raised its holdings in MicroStrategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after acquiring an additional 30 shares in the last quarter. Oder Investment Management LLC increased its position in shares of MicroStrategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after purchasing an additional 38 shares during the period. Rothschild Investment LLC raised its stake in MicroStrategy by 2.3% in the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock valued at $591,000 after purchasing an additional 46 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in MicroStrategy by 2.9% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,017 shares of the software maker's stock worth $584,000 after buying an additional 57 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its stake in MicroStrategy by 1.2% during the fourth quarter. CreativeOne Wealth LLC now owns 5,082 shares of the software maker's stock worth $1,472,000 after buying an additional 62 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Insider Activity

In related news, EVP Wei-Ming Shao sold 32,500 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total value of $13,047,775.00. Following the sale, the executive vice president owned 12,726 shares of the company's stock, valued at $5,109,107.22. The trade was a 71.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carl J. Rickertsen sold 26,390 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total value of $9,827,636.00. Following the completion of the sale, the director owned 980 shares of the company's stock, valued at $364,952. The trade was a 96.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 268,132 shares of company stock valued at $24,169,295 and have sold 172,971 shares valued at $70,540,378. Insiders own 8.46% of the company's stock.

MicroStrategy Price Performance

MicroStrategy stock opened at $366.63 on Friday. The stock has a 50-day moving average price of $395.02 and a two-hundred day moving average price of $353.02. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a market capitalization of $100.24 billion, a PE ratio of -16.81 and a beta of 3.76. 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 issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter last year, the business earned ($0.83) EPS. The firm's quarterly revenue was down 3.6% compared to the same quarter last year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MSTR shares. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $614.00 to $680.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Benchmark raised their target price on MicroStrategy from $650.00 to $705.00 and gave the company a "buy" rating in a report on Friday. TD Cowen boosted their price target on MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and an average price target of $546.58.

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.

Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.