Forsta AP Fonden Has $10.95 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Forsta AP Fonden boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,800 shares of the software maker’s stock after buying an additional 4,200 shares during the quarter. Forsta AP Fonden’s holdings in MicroStrategy were worth $10,948,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after acquiring an additional 65 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of MicroStrategy in the 2nd quarter valued at about $106,000. FSC Wealth Advisors LLC increased its position in MicroStrategy by 61.5% during the 4th quarter. FSC Wealth Advisors LLC now owns 210 shares of the software maker’s stock valued at $61,000 after purchasing an additional 80 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in MicroStrategy by 14.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSTR. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

MicroStrategy stock opened at $340.09 on Friday. The company has a market capitalization of $81.50 billion, a PE ratio of -161.41 and a beta of 3.25. The firm has a fifty day simple moving average of $361.56 and a two-hundred day simple moving average of $248.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results 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 during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($8.98) earnings per share.

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.