EagleClaw Capital Managment LLC Purchases 24,696 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

EagleClaw Capital Managment LLC increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 900.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,440 shares of the software maker's stock after acquiring an additional 24,696 shares during the period. EagleClaw Capital Managment LLC's holdings in MicroStrategy were worth $4,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after purchasing an additional 3,773 shares during the period. Hartline Investment Corp grew its stake in shares of MicroStrategy by 1,064.6% in the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker's stock valued at $897,000 after buying an additional 4,865 shares in the last quarter. National Pension Service grew its stake in MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker's stock worth $41,307,000 after purchasing an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in MicroStrategy by 848.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker's stock worth $6,239,000 after purchasing an additional 33,105 shares in the last quarter. Finally, Chesapeake Capital Corp IL grew its stake in MicroStrategy by 1,211.1% during the 3rd quarter. Chesapeake Capital Corp IL now owns 4,733 shares of the software maker's stock worth $834,000 after purchasing an additional 4,372 shares in the last quarter. 72.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MSTR. TD Cowen upped their price objective on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Benchmark boosted their target price on MicroStrategy from $300.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday. BTIG Research upped their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Barclays increased their price target on MicroStrategy from $225.00 to $275.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $289.88.

MicroStrategy Price Performance

MSTR traded up $43.29 during trading on Wednesday, reaching $473.83. The stock had a trading volume of 69,788,740 shares, compared to its average volume of 17,622,701. The firm has a market capitalization of $96.02 billion, a price-to-earnings ratio of -224.88 and a beta of 3.05. MicroStrategy Incorporated has a 1-year low of $43.87 and a 1-year high of $504.83. The stock has a 50 day moving average of $222.94 and a two-hundred day moving average of $172.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the company posted ($8.98) EPS. MicroStrategy's quarterly revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,000 shares of company stock valued at $30,569,577. 13.18% of the stock is owned by 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.