Tobam Has $4.32 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Tobam increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 334.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,928 shares of the software maker’s stock after buying an additional 11,489 shares during the period. MicroStrategy accounts for 1.4% of Tobam’s holdings, making the stock its 25th largest position. Tobam’s holdings in MicroStrategy were worth $4,323,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MSTR. Beese Fulmer Investment Management Inc. acquired a new position in MicroStrategy during the fourth quarter valued at approximately $351,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of 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 buying an additional 71,934 shares in the last quarter. Telligent Fund LP bought a new stake in shares of MicroStrategy during the 4th quarter worth $869,000. Strategic Financial Concepts LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $4,196,000. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of MicroStrategy during the fourth quarter worth $12,662,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 3.3 %

NASDAQ:MSTR opened at $325.46 on Friday. MicroStrategy Incorporated has a 12 month low of $46.75 and a 12 month high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a fifty day simple moving average of $356.27 and a two-hundred day simple moving average of $254.50.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Insider Buying and Selling at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 752 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 value of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,050 shares of company stock valued at $16,314,110. Company insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent research reports. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $544.78.

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.