MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Longitude Cayman Ltd.

Longitude Cayman Ltd. decreased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 85.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,000 shares of the software maker’s stock after selling 17,700 shares during the quarter. MicroStrategy accounts for about 0.2% of Longitude Cayman Ltd.’s investment portfolio, making the stock its 28th largest position. Longitude Cayman Ltd.’s holdings in MicroStrategy were worth $869,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC grew its stake in 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 buying an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the third quarter worth about $27,000. Sunbelt Securities Inc. grew its stake in 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 buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in 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 buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity

In other news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock valued at $16,314,110 in the last quarter. 9.16% of the stock is currently owned by insiders.

MicroStrategy Trading Up 2.2 %

NASDAQ:MSTR opened at $334.62 on Tuesday. The firm’s fifty day simple moving average is $354.16 and its 200 day simple moving average is $257.96. MicroStrategy Incorporated has a twelve month low of $65.02 and a twelve month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSTR. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday. They set an “outperform” rating and a $560.00 target price for the company. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays dropped their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

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.