MicroStrategy Incorporated (NASDAQ:MSTR) Stake Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,586 shares of the software maker’s stock after purchasing an additional 13,926 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in MicroStrategy were worth $16,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI raised its stake in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $81,783,000. Clarity Capital Partners LLC lifted its holdings in shares of MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of MicroStrategy in the 3rd quarter worth approximately $254,000. Finally, Wellington Management Group LLP boosted its position in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSTR shares. Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays cut their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Monness Crespi & Hardt assumed coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. Finally, Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Buy” and an average target price of $536.90.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 2,185 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.26, for a total transaction of $719,433.10. Following the completion of the sale, the chief financial officer now directly owns 15,215 shares of the company’s stock, valued at $5,009,690.90. This trade represents a 12.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction on 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 completion of the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Insiders own 9.16% of the company’s stock.

MicroStrategy Stock Down 10.8 %

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

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.