Baader Bank Aktiengesellschaft Has $2.26 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Baader Bank Aktiengesellschaft lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,688 shares of the software maker's stock after buying an additional 629 shares during the period. Baader Bank Aktiengesellschaft's holdings in MicroStrategy were worth $2,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Securities Inc. purchased a new position in shares of MicroStrategy during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd grew its stake in MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker's stock valued at $33,000 after purchasing an additional 40 shares in the last quarter. Signaturefd LLC increased its position in MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker's stock worth $40,000 after purchasing an additional 29 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of MicroStrategy during the 4th quarter worth about $75,000. Finally, NBC Securities Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 72.03% of the company's stock.

Insider Activity

In related news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Phong Le sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 80,452 shares of company stock valued at $102,243,704 in the last 90 days. 13.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BTIG Research boosted their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating for the company in a research note on Tuesday, April 30th. StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a research note on Monday, March 18th. Benchmark reaffirmed a "buy" rating and issued a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, TD Cowen dropped their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of "Moderate Buy" and an average price target of $1,678.75.

MicroStrategy Trading Down 4.2 %

MSTR traded down $63.49 during mid-day trading on Thursday, reaching $1,439.98. The stock had a trading volume of 1,359,283 shares, compared to its average volume of 2,029,623. The firm's fifty day simple moving average is $1,434.14 and its two-hundred day simple moving average is $889.06. The stock has a market capitalization of $25.55 billion, a P/E ratio of -224.40 and a beta of 3.00. 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 1.48, a quick ratio of 0.78 and a current ratio of 0.78.

MicroStrategy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.