Allianz SE Purchases Shares of 1,750 MicroStrategy Incorporated (NASDAQ:MSTR)

Allianz SE acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,750 shares of the software maker’s stock, valued at approximately $530,000.

A number of other large investors have also recently made changes to their positions in MSTR. Riverview Trust Co acquired a new stake in MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Parkside Financial Bank & Trust increased its position in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new stake in MicroStrategy in the fourth quarter valued at approximately $28,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the firm’s 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 transaction, the director now owns 4,970 shares in the company, valued at $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. In the last ninety days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $289.41 on Monday. The business’s 50-day simple moving average is $313.64 and its 200 day simple moving average is $296.05. The company has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one 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.

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

Wall Street Analyst Weigh In

Several analysts recently commented on MSTR shares. Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy 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.