CIBC Private Wealth Group LLC Has $4.49 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

CIBC Private Wealth Group LLC increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 204.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,486 shares of the software maker's stock after purchasing an additional 10,397 shares during the quarter. CIBC Private Wealth Group LLC's holdings in MicroStrategy were worth $4,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSTR. Schroder Investment Management Group increased its stake in MicroStrategy by 9.0% in the 4th quarter. Schroder Investment Management Group now owns 12,491 shares of the software maker's stock worth $3,784,000 after purchasing an additional 1,030 shares in the last quarter. Allianz SE acquired a new position in shares of MicroStrategy in the fourth quarter worth about $530,000. Allstate Corp purchased a new position in shares of MicroStrategy in the fourth quarter worth approximately $1,564,000. Maridea Wealth Management LLC acquired a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $429,000. Finally, DnB Asset Management AS lifted its position in shares of MicroStrategy by 22.5% in the 4th quarter. DnB Asset Management AS now owns 32,542 shares of the software maker's stock valued at $9,425,000 after acquiring an additional 5,987 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 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 owned by insiders.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on MSTR shares. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Monness Crespi & Hardt cut MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research note on Tuesday. Finally, Cantor Fitzgerald increased their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $508.09.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded up $11.33 on Friday, reaching $293.61. The stock had a trading volume of 24,786,728 shares, compared to its average volume of 17,846,236. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The business's 50-day moving average price is $305.50 and its two-hundred day moving average price is $300.59. The stock has a market cap of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.

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%.

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.