Vanguard Group Inc. Decreases Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Vanguard Group Inc. lessened its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,303,720 shares of the software maker’s stock after selling 1,149,033 shares during the period. Vanguard Group Inc. owned approximately 0.07% of MicroStrategy worth $4,721,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MSTR. Riverview Trust Co purchased a new stake in shares of MicroStrategy during the fourth quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy in the fourth quarter worth about $25,000. Sunbelt Securities Inc. raised its stake in shares of MicroStrategy by 900.0% in 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 during the last quarter. Parkside Financial Bank & Trust lifted its stake in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new stake in MicroStrategy in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSTR. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Barclays decreased their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Up 10.4 %

Shares of MSTR opened at $335.72 on Tuesday. The stock has a 50 day moving average price of $317.26 and a 200 day moving average price of $290.51. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $86.40 billion, a price-to-earnings ratio of -59.60 and a beta of 3.36.

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

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le bought 6,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 8,000 shares of company stock worth $680,000. Insiders own 9.16% of the company’s stock.

MicroStrategy Company 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.