4,100 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Independent Family Office LLC

Independent Family Office LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,100 shares of the software maker’s stock, valued at approximately $691,000.

A number of other institutional investors have also made changes to their positions in MSTR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after acquiring an additional 567,628 shares during the period. Swiss National Bank lifted its position in shares of MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after acquiring an additional 314,007 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of MicroStrategy by 224,965.1% during the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after acquiring an additional 238,463 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein upped their price objective on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

MicroStrategy stock traded down $4.64 during trading hours on Tuesday, hitting $375.66. The stock had a trading volume of 3,892,744 shares, compared to its average volume of 18,427,297. The business’s 50 day simple moving average is $258.37 and its 200-day simple moving average is $185.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a one year low of $43.87 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 (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by insiders.

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.