EULAV Asset Management Purchases 125,100 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

EULAV Asset Management lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 969.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 138,000 shares of the software maker's stock after acquiring an additional 125,100 shares during the quarter. EULAV Asset Management owned 0.08% of MicroStrategy worth $23,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. US Bancorp DE increased its position 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 purchasing an additional 3,773 shares during the last quarter. Hartline Investment Corp raised its stake in 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 boosted its position in shares of 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 acquiring an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of MicroStrategy by 848.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker's stock valued at $6,239,000 after acquiring an additional 33,105 shares during the last quarter. Finally, Chesapeake Capital Corp IL raised its position in shares of 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 acquiring an additional 4,372 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company's stock.

MicroStrategy Stock Up 10.1 %

NASDAQ MSTR traded up $43.29 during trading on Wednesday, reaching $473.83. 69,788,740 shares of the company's stock were exchanged, compared to its average volume of 17,622,701. The firm has a market capitalization of $96.02 billion, a PE ratio of -235.77 and a beta of 3.05. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $504.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company's fifty day simple moving average is $216.04 and its 200-day simple moving average is $170.24.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($8.98) EPS.

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phong Le sold 50,000 shares of the firm's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares of the company's stock, valued at approximately $1,752,007.60. This represents a 79.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,000 shares of company stock worth $30,569,577. 13.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Barclays raised their price objective on MicroStrategy from $225.00 to $275.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. BTIG Research upped their target price on MicroStrategy from $180.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an "overweight" rating and a $194.00 target price on the stock. Finally, Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $289.88.

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.