MicroStrategy Incorporated (NASDAQ:MSTR) is Y Intercept Hong Kong Ltd's 9th Largest Position

Y Intercept Hong Kong Ltd increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 767.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,380 shares of the software maker's stock after buying an additional 65,802 shares during the quarter. MicroStrategy comprises 0.8% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 9th biggest holding. Y Intercept Hong Kong Ltd's holdings in MicroStrategy were worth $12,540,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MicroStrategy by 971.3% in the 3rd 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 last quarter. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 567,628 shares during the last quarter. Swiss National Bank grew its stake in shares of 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 purchasing an additional 421,600 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after purchasing an additional 314,007 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker's stock valued at $40,223,000 after purchasing an additional 238,463 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Analysts Set New Price Targets

MSTR has been the topic of several analyst reports. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 price target for the company. Canaccord Genuity Group raised their price target on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, Benchmark raised their price target on MicroStrategy from $450.00 to $650.00 and gave the company a "buy" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Price Performance

MSTR stock traded down $29.67 during midday trading on Monday, hitting $365.34. 22,461,793 shares of the stock were exchanged, compared to its average volume of 18,726,281. The stock's 50-day moving average price is $285.16 and its 200-day moving average price is $195.08. The stock has a market cap of $74.03 billion, a price-to-earnings ratio of -173.39 and a beta of 3.17. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business's revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($8.98) earnings per share.

Insiders Place Their Bets

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company's stock, 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. Over the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company's stock.

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.