5,400 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Bought by Allstate Corp

Allstate Corp purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,400 shares of the software maker's stock, valued at approximately $1,564,000.

A number of other institutional investors also recently modified their holdings of MSTR. Riverview Trust Co acquired a new stake in MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. increased its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC bought a new position in MicroStrategy during the fourth quarter worth $28,000. 59.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSTR has been the topic of several research reports. Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Cantor Fitzgerald raised their price target 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, Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.09.

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MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $17.75 during trading on Tuesday, reaching $306.02. 16,661,499 shares of the stock traded hands, compared to its average volume of 17,870,350. The company has a 50-day moving average of $311.48 and a 200-day moving average of $297.16. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The stock has a market capitalization of $78.75 billion, a P/E ratio of -54.33 and a beta of 3.36. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity

In related news, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 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 company 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.