Virtu Financial LLC Has $37.81 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Virtu Financial LLC boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 10,398.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,245 shares of the software maker's stock after acquiring an additional 222,109 shares during the quarter. MicroStrategy accounts for 2.1% of Virtu Financial LLC's investment portfolio, making the stock its 3rd biggest position. Virtu Financial LLC owned 0.11% of MicroStrategy worth $37,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSTR. UMB Bank n.a. lifted its stake in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy during the third quarter worth about $27,000. Sunbelt Securities Inc. lifted its stake in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after purchasing an additional 153 shares in 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, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last ninety days. Company insiders own 13.18% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of recent research reports. Maxim Group boosted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday. Finally, Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Stock Down 5.3 %

MicroStrategy stock traded down $21.97 during midday trading on Thursday, hitting $389.43. The stock had a trading volume of 14,944,549 shares, compared to its average volume of 18,752,221. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $78.92 billion, a P/E ratio of -193.52 and a beta of 3.17. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The business has a fifty day moving average price of $294.39 and a 200 day moving average price of $198.05.

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

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.