International Assets Investment Management LLC Invests $12.37 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

International Assets Investment Management LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,580 shares of the software maker's stock, valued at approximately $12,367,000. International Assets Investment Management LLC owned approximately 0.13% of MicroStrategy as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its stake in shares of MicroStrategy by 4.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker's stock valued at $298,000 after purchasing an additional 39 shares in the last quarter. MTM Investment Management LLC boosted its holdings in MicroStrategy by 4.2% during the 4th quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker's stock valued at $649,000 after acquiring an additional 41 shares during the period. Arizona State Retirement System grew its position in MicroStrategy by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 3,130 shares of the software maker's stock worth $1,028,000 after acquiring an additional 47 shares during the last quarter. New York State Common Retirement Fund lifted its position in MicroStrategy by 1.1% in the third quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker's stock valued at $1,561,000 after purchasing an additional 51 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of MicroStrategy by 1.4% in the third quarter. Avantax Advisory Services Inc. now owns 3,839 shares of the software maker's stock worth $1,260,000 after purchasing an additional 54 shares during the last quarter. 72.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent analyst reports. StockNews.com raised MicroStrategy to a "sell" rating in a research note on Monday, March 18th. Benchmark reaffirmed a "buy" rating and set a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday, April 25th. Canaccord Genuity Group dropped their price target on MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating on the stock in a research report on Tuesday, April 30th. BTIG Research raised 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. Finally, TD Cowen dropped their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,678.75.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 1,140 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the completion of the transaction, the chairman now directly owns 1,140 shares of the company's stock, valued at $2,224,516.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jarrod M. Patten sold 400 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $638.39, for a total transaction of $255,356.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael J. Saylor sold 1,140 shares of the business's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the sale, the chairman now owns 1,140 shares of the company's stock, valued at $2,224,516.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,452 shares of company stock worth $112,675,447. Company insiders own 13.18% of the company's stock.

MicroStrategy Stock Up 3.7 %

MSTR stock traded up $45.80 during midday trading on Monday, hitting $1,268.81. The company's stock had a trading volume of 1,371,447 shares, compared to its average volume of 2,106,559. The firm's 50-day moving average is $1,396.42 and its 200-day moving average is $842.47. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99. The company has a market cap of $21.53 billion, a PE ratio of -189.37 and a beta of 3.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The firm had revenue of $124.48 million for the quarter, compared to the consensus estimate of $134.90 million.

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.