DnB Asset Management AS Buys 5,987 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

DnB Asset Management AS grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 22.5% in the 4th quarter, HoldingsChannel reports. The firm owned 32,542 shares of the software maker’s stock after buying an additional 5,987 shares during the quarter. DnB Asset Management AS’s holdings in MicroStrategy were worth $9,425,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Riverview Trust Co bought a new position in MicroStrategy in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy in the 4th quarter worth $25,000. Parkside Financial Bank & Trust lifted its stake in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Aspect Partners LLC bought a new stake in MicroStrategy during the fourth quarter valued at about $28,000. Finally, Private Wealth Management Group LLC grew its stake in MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $289.41 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day moving average of $313.64 and a 200 day moving average of $294.89. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued 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%.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le bought 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MSTR. Monness Crespi & Hardt started coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They issued a “neutral” rating on the stock. Barclays lowered 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MicroStrategy currently has an average rating of “Buy” and a consensus price target of $536.90.

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.