MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,542 shares of the software maker's stock after buying an additional 5,987 shares during the period. DnB Asset Management AS's holdings in MicroStrategy were worth $9,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System lifted its position in MicroStrategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after buying an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after acquiring an additional 35 shares in the last quarter. Versant Capital Management Inc boosted its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after purchasing an additional 39 shares during the period. WR Wealth Planners LLC increased its holdings in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after purchasing an additional 48 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. raised its position in MicroStrategy by 0.9% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after purchasing an additional 50 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director Leslie J. Rechan sold 15,000 shares of the company'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 transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang purchased 1,500 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 $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

MicroStrategy Stock Up 4.8 %

MicroStrategy stock traded up $13.78 during midday trading on Tuesday, hitting $302.05. The stock had a trading volume of 12,630,828 shares, compared to its average volume of 17,855,649. The business has a fifty day moving average price of $311.48 and a 200 day moving average price of $297.16. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The stock has a market cap of $77.73 billion, a P/E ratio of -53.23 and a beta of 3.36. 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 issued its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSTR. Canaccord Genuity Group lowered their target price 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 downgraded shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $508.09.

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.