Blue Trust Inc. Buys 2,664 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Blue Trust Inc. increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 8,593.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,695 shares of the software maker’s stock after buying an additional 2,664 shares during the period. Blue Trust Inc.’s holdings in MicroStrategy were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sei Investments Co. lifted its holdings in MicroStrategy by 16.9% in the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after acquiring an additional 97 shares during the period. Thrivent Financial for Lutherans lifted its holdings in MicroStrategy by 141.8% during the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of MicroStrategy by 59.4% during the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after purchasing an additional 1,677 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of MicroStrategy by 88.6% during the 2nd quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock worth $2,349,000 after purchasing an additional 801 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in MicroStrategy by 51.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after buying an additional 594 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Trading Up 1.6 %

MSTR opened at $341.25 on Thursday. The business’s 50 day moving average price is $362.51 and its 200 day moving average price is $247.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $81.78 billion, a PE ratio of -161.96 and a beta of 3.25. MicroStrategy Incorporated has a one year low of $46.75 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million for 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 business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 9.16% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen increased their price target 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 given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $483.22.

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.