EULAV Asset Management Grows Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

EULAV Asset Management increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 969.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,000 shares of the software maker’s stock after acquiring an additional 125,100 shares during the quarter. EULAV Asset Management owned about 0.08% of MicroStrategy worth $23,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSTR. US Bancorp DE grew its holdings in MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after buying an additional 3,773 shares in the last quarter. Hartline Investment Corp grew its holdings in MicroStrategy by 1,064.6% during the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after buying an additional 4,865 shares in the last quarter. National Pension Service grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in MicroStrategy by 848.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock valued at $6,239,000 after buying an additional 33,105 shares in the last quarter. Finally, Chesapeake Capital Corp IL boosted its position in shares of MicroStrategy by 1,211.1% during the 3rd quarter. Chesapeake Capital Corp IL now owns 4,733 shares of the software maker’s stock valued at $834,000 after acquiring an additional 4,372 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This trade represents a 31.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,000 shares of company stock valued at $30,569,577. Corporate insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSTR shares. Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. TD Cowen raised their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays lifted their target price on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Sanford C. Bernstein cut their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $289.88.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $430.54 on Wednesday. The stock has a market cap of $87.24 billion, a PE ratio of -204.34 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $449.00. The stock has a fifty day simple moving average of $216.04 and a 200-day simple moving average of $170.24.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates 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 revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business 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.