MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Longitude Cayman Ltd.

Longitude Cayman Ltd. increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 459.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the software maker’s stock after acquiring an additional 17,000 shares during the period. MicroStrategy makes up about 1.0% of Longitude Cayman Ltd.’s portfolio, making the stock its 20th biggest holding. Longitude Cayman Ltd.’s holdings in MicroStrategy were worth $3,490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its position in MicroStrategy by 900.0% during the 3rd quarter. Gilbert & Cook Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after buying an additional 1,800 shares during the last quarter. Swiss National Bank boosted its holdings in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after purchasing an additional 5,069 shares during the last quarter. Claro Advisors LLC raised its stake in shares of MicroStrategy by 892.2% during the 3rd quarter. Claro Advisors LLC now owns 5,060 shares of the software maker’s stock valued at $853,000 after buying an additional 4,550 shares during the last quarter. Finally, Chesapeake Capital Corp IL boosted its stake in shares of MicroStrategy by 1,211.1% in the third quarter. Chesapeake Capital Corp IL now owns 4,733 shares of the software maker’s stock worth $834,000 after buying an additional 4,372 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,954 shares of company stock worth $30,553,037. 13.18% of the stock is currently owned by company insiders.

MicroStrategy Stock Up 4.0 %

Shares of MSTR opened at $340.65 on Monday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $383.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $204.83 and a two-hundred day simple moving average of $166.15. The company has a market capitalization of $69.03 billion, a PE ratio of -161.45 and a beta of 3.05.

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

About MicroStrategy

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.