Chesapeake Capital Corp IL Boosts Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Chesapeake Capital Corp IL raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,211.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,733 shares of the software maker’s stock after purchasing an additional 4,372 shares during the period. Chesapeake Capital Corp IL’s holdings in MicroStrategy were worth $834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC increased its stake in MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after buying an additional 8 shares during the last quarter. Cigna Investments Inc. New increased its stake in shares of MicroStrategy by 5.1% during the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after purchasing an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of MicroStrategy by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares during the last quarter. Finally, Dakota Wealth Management increased its stake in shares of MicroStrategy by 0.3% during the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSTR shares. Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Benchmark raised their price target on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research raised their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen raised their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $271.13.

Insider Buying and Selling at MicroStrategy

In related news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This trade represents a 31.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The stock was 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 owns 12,670 shares in the company, valued at approximately $1,752,007.60. The trade was a 79.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,954 shares of company stock valued at $30,553,037 in the last three months. Company insiders own 13.18% of the company’s stock.

MicroStrategy Stock Up 4.0 %

MSTR opened at $340.65 on Friday. The company has a 50 day moving average of $204.83 and a 200 day moving average of $165.71. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month 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.

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

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.