Choreo LLC Purchases 879 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Choreo LLC raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 20.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,108 shares of the software maker’s stock after purchasing an additional 879 shares during the quarter. Choreo LLC’s holdings in MicroStrategy were worth $1,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MSTR. Geode Capital Management LLC increased its stake in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after purchasing an additional 567,628 shares in the last quarter. Swiss National Bank grew its stake in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after acquiring an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after acquiring an additional 314,007 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, 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 transaction of $242,482.40. Following the transaction, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock valued at $16,314,110 over the last 90 days. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

MSTR opened at $327.56 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $78.50 billion, a price-to-earnings ratio of -155.46 and a beta of 3.25. The company’s 50 day moving average is $355.07 and its 200 day moving average is $255.52. MicroStrategy Incorporated has a 12-month low of $52.51 and a 12-month high of $543.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MSTR. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday. They issued an “outperform” rating and a $560.00 price target for the company. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $546.30.

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.