Korea Investment CORP Grows Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Korea Investment CORP boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 144.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,416 shares of the software maker’s stock after purchasing an additional 49,936 shares during the quarter. Korea Investment CORP’s holdings in MicroStrategy were worth $24,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI grew its stake in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after acquiring an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC increased its holdings in shares of MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the third quarter worth about $254,000. Finally, Wellington Management Group LLP boosted its stake in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays lowered their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Cantor Fitzgerald boosted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Monness Crespi & Hardt began coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Down 10.8 %

NASDAQ:MSTR opened at $289.41 on Friday. The stock has a fifty day simple moving average of $313.64 and a 200-day simple moving average of $293.74. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market cap of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le bought 6,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

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.