Five Oceans Advisors Takes $1.87 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Five Oceans Advisors purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,445 shares of the software maker's stock, valued at approximately $1,867,000. MicroStrategy makes up about 0.9% of Five Oceans Advisors' holdings, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after acquiring an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after purchasing an additional 579,994 shares during the period. Swiss National Bank grew its stake in MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock worth $57,857,000 after acquiring an additional 314,007 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the topic of several research analyst reports. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $483.22.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company's stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock worth $16,314,110 in the last quarter. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Price Performance

NASDAQ:MSTR traded down $7.64 during trading hours on Wednesday, reaching $340.67. The company had a trading volume of 7,378,992 shares, compared to its average volume of 18,289,598. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average of $358.58 and a two-hundred day moving average of $253.42. MicroStrategy Incorporated has a one year low of $46.75 and a one year high of $543.00. The firm has a market capitalization of $81.64 billion, a PE ratio of -161.18 and a beta of 3.25.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.