Healthcare of Ontario Pension Plan Trust Fund Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 80,000 shares of the software maker’s stock, valued at approximately $13,488,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC raised its stake in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at about $27,000. ST Germain D J Co. Inc. raised its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein boosted their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Benchmark boosted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $388.84 on Friday. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00. 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 company has a 50-day moving average price of $248.63 and a two-hundred day moving average price of $181.70.

MicroStrategy (NASDAQ:MSTR) last posted its 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 firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company posted ($8.98) EPS.

Insider Activity

In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction 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 trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last three months. Corporate insiders own 13.18% of the company’s stock.

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.