4 hours Ago By ABMN Staff
National Pension Service raised its holdings in shares of MicroStrategy Incorporated ( NASDAQ:MSTR – Free Report ) by 900.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,000 shares of the software maker’s stock after buying an additional 220,500 shares during the period.
National Pension Service’s holdings in MicroStrategy were worth $41,307,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC purchased a new stake in MicroStrategy during the 1st quarter valued at about $806,000.
Janney Montgomery Scott LLC lifted its position in MicroStrategy by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock valued at $5,487,000 after purchasing an additional 464 shares during the last quarter.
Nisa Investment Advisors LLC boosted its stake in shares of MicroStrategy by 139.2% during the third quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the software maker’s stock valued at $669,000 after purchasing an additional 2,310 shares during the period.
Van ECK Associates Corp grew its holdings in shares of MicroStrategy by 1,065.3% in the third quarter. Van ECK Associates Corp now owns 154,548 shares of the software maker’s stock worth $26,057,000 after purchasing an additional 141,286 shares during the last quarter.
Finally, ClariVest Asset Management LLC bought a new stake in MicroStrategy during the 1st quarter valued at $3,356,000. 72.03% of the stock is owned by institutional investors.
Insider Buying and Selling In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.
00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60.
This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
In related news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.
00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.
00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd.
The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00.
Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This represents a 0.
00 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 101,838 shares of company stock valued at $13,950,265 over the last quarter.
Corporate insiders own 13.18% of the company’s stock. MicroStrategy Trading Up 13.
2 % MicroStrategy ( NASDAQ:MSTR – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.
12) by ($1.44). The firm had revenue of $116.
07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.
05% and a negative return on equity of 17.31%. The business’s quarterly revenue was down 10.
3% compared to the same quarter last year. During the same period in the prior year, the business posted ($8.98) EPS.
Analysts Set New Price Targets A number of equities research analysts have issued reports on MSTR shares. Sanford C. Bernstein cut their price target on shares of MicroStrategy from $2,890.
00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. TD Cowen raised their target price on MicroStrategy from $200.
00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Maxim Group upped their price target on MicroStrategy from $193.
00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st.
They issued an “overweight” rating and a $194.00 price objective on the stock. Finally, Benchmark upped their target price on MicroStrategy from $245.
00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. 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, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $271.13. Get Our Latest Report on MSTR MicroStrategy Profile ( 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. Featured Articles Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated ( NASDAQ:MSTR – Free Report ).
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