MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Decreased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,287 shares of the software maker’s stock after selling 7,449 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in MicroStrategy were worth $7,903,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy in the third quarter worth $254,000. Wellington Management Group LLP lifted its stake in MicroStrategy by 979.8% in 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. US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after acquiring an additional 3,773 shares during the period. Finally, Virtu Financial LLC grew its position in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays raised their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, 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 research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $546.30.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $327.56 on Friday. MicroStrategy Incorporated has a twelve month low of $52.51 and a twelve month high of $543.00. 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 firm has a 50-day moving average of $355.07 and a two-hundred day moving average of $255.52. The company has a market capitalization of $78.50 billion, a price-to-earnings ratio of -155.46 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%.

Insider Buying and Selling

In related news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock worth $16,314,110 in the last three months. 9.16% of the stock is currently owned by insiders.

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.