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

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

A number of other hedge funds also recently modified their holdings of MSTR. Geode Capital Management LLC lifted its holdings in MicroStrategy by 990.6% during the third 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 during the last quarter. Norges Bank bought a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 buying an additional 579,994 shares in the last quarter. Amundi boosted its holdings in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in MicroStrategy in the 4th quarter valued at approximately $81,783,000. Institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MSTR shares. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Monness Crespi & Hardt cut 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. One 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

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MicroStrategy Price Performance

Shares of MSTR stock traded up $17.75 during trading hours on Tuesday, hitting $306.02. 16,661,499 shares of the company's stock were exchanged, compared to its average volume of 17,870,350. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a market capitalization of $78.75 billion, a PE ratio of -54.33 and a beta of 3.36. The business's 50 day simple moving average is $311.48 and its 200-day simple moving average is $297.16. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Insider Activity

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le bought 6,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at approximately $510,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

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.