National Bank of Canada FI increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 746.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,647 shares of the software maker's stock after purchasing an additional 18,207 shares during the quarter. National Bank of Canada FI's holdings in MicroStrategy were worth $3,481,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of MSTR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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. lifted its holdings in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares during the period. Swiss National Bank boosted its stake in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after acquiring an additional 421,600 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings 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 period. Finally, International Assets Investment Management LLC raised its position in shares of MicroStrategy by 224,965.1% during 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 acquiring an additional 238,463 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.
Insider Buying and Selling at MicroStrategy
In other news, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 6,460 shares of the company's stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares of the company's stock, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last 90 days. 13.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MSTR. Canaccord Genuity Group raised their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday. Benchmark boosted their target price on MicroStrategy from $450.00 to $650.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Barclays increased their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Finally, TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $479.25.
Read Our Latest Analysis on MicroStrategy
MicroStrategy Stock Up 4.2 %
NASDAQ MSTR traded up $16.48 during trading hours on Friday, reaching $408.67. 21,536,882 shares of the company's stock were exchanged, compared to its average volume of 18,790,508. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $82.81 billion, a price-to-earnings ratio of -193.96 and a beta of 3.17. The company's 50-day moving average is $303.61 and its two-hundred day moving average is $201.07. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00.
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 company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm's revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned ($8.98) EPS.
About MicroStrategy
(
Free Report)
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.
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