MTM Investment Management LLC Lowers Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

MTM Investment Management LLC reduced its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,604 shares of the software maker’s stock after selling 236 shares during the period. MicroStrategy comprises about 1.1% of MTM Investment Management LLC’s holdings, making the stock its 25th largest holding. MTM Investment Management LLC’s holdings in MicroStrategy were worth $2,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after purchasing an additional 567,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 971.3% during 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 worth $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Swiss National Bank grew its stake in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in MicroStrategy by 21.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock worth $120,221,000 after purchasing an additional 71,934 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MSTR shares. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 2.3 %

MSTR opened at $326.82 on Thursday. The business has a 50 day moving average price of $351.50 and a two-hundred day moving average price of $259.45. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $65.56 and a 52 week high of $543.00.

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 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%.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.16% of the stock is currently owned by insiders.

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.