MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC reduced its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 31.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,260 shares of the software maker's stock after selling 1,050 shares during the quarter. Strategic Blueprint LLC's holdings in MicroStrategy were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MSTR. Geode Capital Management LLC increased its position in MicroStrategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank purchased a new position in MicroStrategy during the fourth quarter worth $523,981,000. Northern Trust Corp increased its position in MicroStrategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock worth $311,685,000 after buying an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in MicroStrategy by 25.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after buying an additional 162,757 shares in the last quarter. Finally, Amundi increased its position in MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MSTR shares. HC Wainwright started coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target for the company. Cantor Fitzgerald reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Insider Transactions at MicroStrategy

In related news, Director Jarrod M. Patten bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $425,000.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $425,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 339 shares of the business's stock in a transaction dated 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 owned 8,605 shares in the company, valued at $3,223,002.75. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 25,277 shares of company stock worth $2,312,345 and sold 70,621 shares worth $25,935,717. 8.46% of the stock is owned by insiders.

MicroStrategy Stock Up 1.5%

NASDAQ MSTR traded up $6.33 on Thursday, hitting $421.74. 12,792,458 shares of the stock traded hands, compared to its average volume of 17,927,714. The stock has a 50-day moving average of $388.72 and a 200 day moving average of $342.64. MicroStrategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The company has a market capitalization of $115.30 billion, a P/E ratio of -19.33 and a beta of 3.70. 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 announced its quarterly earnings data 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). The firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.83) EPS.

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.