UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 579,994 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 971.3% during the 3rd quarter, Holdings Channel reports. The fund owned 639,707 shares of the software maker’s stock after buying an additional 579,994 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MicroStrategy were worth $107,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MSTR. Fiduciary Trust Co raised its holdings in MicroStrategy by 915.1% in the third quarter. Fiduciary Trust Co now owns 10,760 shares of the software maker’s stock worth $1,814,000 after purchasing an additional 9,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MicroStrategy by 1,000.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,519 shares of the software maker’s stock worth $5,314,000 after buying an additional 28,656 shares during the period. FORA Capital LLC grew its stake in MicroStrategy by 1,198.0% in the third quarter. FORA Capital LLC now owns 49,389 shares of the software maker’s stock valued at $8,327,000 after acquiring an additional 45,584 shares during the period. MetLife Investment Management LLC increased its holdings in shares of MicroStrategy by 876.1% in the third quarter. MetLife Investment Management LLC now owns 3,192 shares of the software maker’s stock worth $538,000 after acquiring an additional 2,865 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of MicroStrategy during the third quarter worth about $34,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $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 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSTR. Canaccord Genuity Group boosted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Maxim Group boosted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Trading Down 0.4 %

Shares of NASDAQ:MSTR opened at $387.47 on Monday. The company’s 50-day moving average price is $258.37 and its two-hundred day moving average price is $185.35. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $78.52 billion, a PE ratio of -183.90 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly 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 company had revenue of $116.07 million for the quarter, compared to analyst estimates 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 for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the company posted ($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.