MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the software maker’s stock after acquiring an additional 5,000 shares during the period. Cullinan Associates Inc.’s holdings in MicroStrategy were worth $2,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSTR. Sei Investments Co. lifted its holdings in shares of MicroStrategy by 16.9% during the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of MicroStrategy by 144.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock valued at $252,000 after purchasing an additional 108 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of MicroStrategy by 19.8% during the second quarter. Cetera Investment Advisers now owns 6,256 shares of the software maker’s stock valued at $8,618,000 after buying an additional 1,034 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in MicroStrategy during the second quarter valued at $553,000. Institutional investors own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 in the last three months. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MSTR shares. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Trading Up 3.7 %

Shares of MSTR opened at $347.09 on Tuesday. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00. 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 firm’s 50 day moving average price is $358.69 and its two-hundred day moving average price is $252.22.

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.