SBI Securities Co. Ltd. Sells 1,401 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

SBI Securities Co. Ltd. trimmed its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,650 shares of the software maker's stock after selling 1,401 shares during the period. SBI Securities Co. Ltd.'s holdings in MicroStrategy were worth $10,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSTR. Quadrant Capital Group LLC raised 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 purchasing an additional 77 shares during the period. Dunhill Financial LLC bought a new stake in shares of MicroStrategy during the 4th quarter worth $26,000. Safe Harbor Fiduciary LLC raised its stake in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the period. First United Bank & Trust bought a new stake in shares of MicroStrategy during the 1st quarter worth $29,000. Finally, Horrell Capital Management Inc. bought a new stake in shares of MicroStrategy during the 4th quarter worth $31,000. 59.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MSTR. HC Wainwright initiated coverage on MicroStrategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. Barclays reissued a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. Finally, Monness Crespi & Hardt downgraded 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $514.42.

MicroStrategy Trading Up 3.0%

NASDAQ MSTR opened at $434.58 on Monday. MicroStrategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The stock has a market cap of $118.81 billion, a P/E ratio of -19.92 and a beta of 3.70. The stock's fifty day moving average price is $390.32 and its 200-day moving average price is $343.70. 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 released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) 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 business had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. During the same period last year, the business earned ($0.83) earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis.

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 339 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the sale, the chief accounting officer directly owned 8,605 shares of the company's stock, valued at $3,223,002.75. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 5,295 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $1,983,189.30. Following the sale, the chief executive officer directly owned 24,790 shares in the company, valued at $9,284,846.60. This trade represents a 17.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 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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