Cibc World Markets Corp Has $3.57 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Cibc World Markets Corp lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,336 shares of the software maker's stock after purchasing an additional 3,145 shares during the quarter. Cibc World Markets Corp's holdings in MicroStrategy were worth $3,573,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of MicroStrategy by 971.3% in the third 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 purchasing an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after purchasing an additional 567,628 shares during the last quarter. Amundi lifted its holdings in MicroStrategy by 262.8% during 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 in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in MicroStrategy during the 4th quarter worth $81,783,000. Institutional investors and hedge funds own 59.84% of the company's stock.

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MicroStrategy Stock Performance

NASDAQ:MSTR traded up $31.72 during mid-day trading on Monday, hitting $335.72. The stock had a trading volume of 22,964,645 shares, compared to its average volume of 18,046,861. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. 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 stock has a market cap of $86.40 billion, a price-to-earnings ratio of -59.60 and a beta of 3.36. The company's 50 day simple moving average is $317.11 and its 200 day simple moving average is $288.99.

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 Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao purchased 500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phong Le acquired 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 8,000 shares of company stock valued at $680,000 in the last ninety days. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group dropped their price target on shares of 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 initiated coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a "neutral" rating on the stock. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $536.90.

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.