Indiana Trust & Investment Management Co Trims Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Indiana Trust & Investment Management Co reduced its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150 shares of the software maker’s stock after selling 100 shares during the period. Indiana Trust & Investment Management Co’s holdings in MicroStrategy were worth $43,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSTR. GPS Wealth Strategies Group LLC grew its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares during the period. Versant Capital Management Inc boosted its stake in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its position in shares of MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after acquiring an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of MicroStrategy by 3.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. raised its holdings in MicroStrategy by 2.2% in the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In related 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 sale, the director now owns 6,970 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,050 shares of company stock valued at $9,689,930 over the last ninety days. Insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

MSTR has been the topic of several research analyst reports. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 4.5 %

Shares of MSTR stock opened at $319.46 on Wednesday. MicroStrategy Incorporated has a twelve month low of $65.02 and a twelve month high of $543.00. The company’s 50-day moving average price is $353.08 and its 200-day moving average price is $258.97. 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 (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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%.

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.