5,400 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Allstate Corp

Allstate Corp bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,400 shares of the software maker’s stock, valued at approximately $1,564,000.

A number of other institutional investors have also modified their holdings of MSTR. Maridea Wealth Management LLC bought a new position in MicroStrategy in the fourth quarter worth approximately $429,000. DnB Asset Management AS lifted its holdings in shares of MicroStrategy by 22.5% in the 4th quarter. DnB Asset Management AS now owns 32,542 shares of the software maker’s stock worth $9,425,000 after buying an additional 5,987 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of MicroStrategy by 260.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 19,291 shares of the software maker’s stock worth $5,587,000 after buying an additional 13,938 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of MicroStrategy by 15.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 68,946 shares of the software maker’s stock valued at $19,968,000 after buying an additional 9,437 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of MicroStrategy by 32.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 56,586 shares of the software maker’s stock valued at $16,388,000 after acquiring an additional 13,926 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the firm’s stock in a transaction that occurred 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 acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 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.

MicroStrategy Trading Down 10.8 %

Shares of NASDAQ:MSTR opened at $289.41 on Monday. The business’s 50-day moving average is $313.64 and its 200 day moving average is $296.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. 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 $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analyst Weigh In

A number of research analysts have commented on MSTR shares. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Buy” and an average target price of $536.90.

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.