Blue Trust Inc. Purchases 2,664 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Blue Trust Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 8,593.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,695 shares of the software maker's stock after purchasing an additional 2,664 shares during the period. Blue Trust Inc.'s holdings in MicroStrategy were worth $781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI grew its position in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of MicroStrategy during the 3rd quarter worth approximately $254,000. Wellington Management Group LLP raised its stake in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after buying an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after buying an additional 222,109 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MSTR shares. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has an average rating of "Moderate Buy" and an average target price of $483.22.

Insider Activity

In related news, CAO Jeanine Montgomery sold 56,250 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares of the company's stock, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,000 shares of company stock worth $32,259,177. Insiders own 9.16% of the company's stock.

MicroStrategy Price Performance

MicroStrategy stock traded up $3.62 during trading hours on Thursday, reaching $344.87. 8,704,355 shares of the stock were exchanged, compared to its average volume of 19,128,393. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00. The company has a market cap of $82.65 billion, a P/E ratio of -163.32 and a beta of 3.25. The stock has a 50 day moving average of $362.51 and a two-hundred day moving average of $247.80.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the business earned ($8.98) earnings per share. The business's revenue was down 10.3% compared to the same quarter last year.

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.