Allianz SE Takes $530,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Allianz SE bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,750 shares of the software maker's stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in MicroStrategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust lifted its stake in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Aspect Partners LLC acquired a new position in MicroStrategy in the fourth quarter worth approximately $28,000. Finally, Private Wealth Management Group LLC increased its holdings in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock valued at $30,000 after buying an additional 71 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR traded down $20.73 during trading on Thursday, reaching $291.81. The stock had a trading volume of 6,955,706 shares, compared to its average volume of 17,812,572. The stock has a fifty day simple moving average of $308.52 and a two-hundred day simple moving average of $298.42. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The firm has a market capitalization of $75.10 billion, a price-to-earnings ratio of -51.80 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released 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 19.01% and a negative net margin of 251.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSTR. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Benchmark reiterated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $508.09.

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 481 shares of MicroStrategy stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by corporate insiders.

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.