Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 46.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,482 shares of the software maker's stock after acquiring an additional 788 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MicroStrategy were worth $1,568,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MSTR. GPS Wealth Strategies Group LLC bought a new stake in MicroStrategy in the 3rd quarter worth approximately $37,000. NBC Securities Inc. bought a new stake in MicroStrategy in the 3rd quarter worth approximately $41,000. Beaird Harris Wealth Management LLC lifted its position in MicroStrategy by 364.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker's stock worth $56,000 after buying an additional 135 shares during the last quarter. Toronto Dominion Bank bought a new stake in MicroStrategy in the 3rd quarter worth approximately $66,000. Finally, VitalStone Financial LLC bought a new stake in MicroStrategy in the 3rd quarter worth approximately $75,000. Institutional investors own 72.03% of the company's stock.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,452 shares of company stock valued at $122,745,797. Insiders own 13.18% of the company's stock.

MicroStrategy Stock Up 3.4 %

MSTR stock traded up $41.97 during midday trading on Friday, hitting $1,282.38. The stock had a trading volume of 877,433 shares, compared to its average volume of 2,140,196. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 45.51 and a beta of 2.89. The business has a 50-day moving average of $1,351.21 and a two-hundred day moving average of $806.94. MicroStrategy Incorporated has a 52-week low of $266.00 and a 52-week high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The firm had revenue of $124.48 million for the quarter, compared to analysts' expectations of $134.90 million.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Benchmark restated a "buy" rating and issued a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday. BTIG Research boosted their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the company a "buy" rating in a research report on Friday, April 5th. StockNews.com upgraded MicroStrategy to a "sell" rating in a research report on Monday, March 18th. Canaccord Genuity Group reiterated a "buy" rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating for the company in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,473.00.

MicroStrategy Company Profile

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.