Elo Mutual Pension Insurance Co Acquires 3,149 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Elo Mutual Pension Insurance Co lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 22.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,160 shares of the software maker’s stock after buying an additional 3,149 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in MicroStrategy were worth $4,970,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at about $25,000. Sunbelt Securities Inc. increased its holdings in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of MicroStrategy by 422.2% in 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 in the last quarter. Finally, Aspect Partners LLC bought a new position in MicroStrategy during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Down 1.4 %

Shares of NASDAQ:MSTR opened at $324.59 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a 50 day simple moving average of $315.78 and a two-hundred day simple moving average of $292.60. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The firm has a market capitalization of $83.53 billion, a PE ratio of -57.62 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 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%.

Insider Buying and Selling at MicroStrategy

In related news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $536.90.

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.