CAP Partners LLC Purchases 7,303 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

CAP Partners LLC grew its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,349.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,844 shares of the software maker’s stock after purchasing an additional 7,303 shares during the quarter. MicroStrategy makes up about 1.0% of CAP Partners LLC’s portfolio, making the stock its 26th largest position. CAP Partners LLC’s holdings in MicroStrategy were worth $1,322,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MSTR. Swiss National Bank grew its holdings 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 acquiring an additional 421,600 shares during the period. Vanguard Group Inc. boosted its position in shares of MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after purchasing an additional 401,071 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after purchasing an additional 314,007 shares during the period. International Assets Investment Management LLC increased its holdings in MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after purchasing an additional 238,463 shares in the last quarter. Finally, Capital International Investors lifted its stake in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 1.1 %

Shares of NASDAQ:MSTR opened at $337.01 on Monday. The stock’s 50-day moving average is $204.83 and its 200 day moving average is $166.15. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $383.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $68.29 billion, a PE ratio of -161.45 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The trade was a 79.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,954 shares of company stock valued at $30,553,037 over the last 90 days. 13.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Barclays raised their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. BTIG Research increased their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group upped their price target on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $271.13.

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.