MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Trimmed by KBC Group NV

KBC Group NV lowered its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 66.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,924 shares of the software maker's stock after selling 83,452 shares during the period. KBC Group NV's holdings in MicroStrategy were worth $12,142,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. boosted its position in shares of MicroStrategy by 16.9% in the second quarter. Sei Investments Co. now owns 672 shares of the software maker's stock worth $926,000 after buying an additional 97 shares during the period. Thrivent Financial for Lutherans grew its position in MicroStrategy by 141.8% in the second quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker's stock valued at $470,000 after acquiring an additional 200 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of MicroStrategy by 59.4% during the second quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker's stock valued at $6,199,000 after purchasing an additional 1,677 shares during the period. Mackenzie Financial Corp lifted its position in shares of MicroStrategy by 88.6% during the second quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker's stock worth $2,349,000 after purchasing an additional 801 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of MicroStrategy by 51.8% in the second quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker's stock valued at $2,397,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

MicroStrategy Stock Performance

MicroStrategy stock traded up $3.62 during mid-day trading on Thursday, reaching $344.87. The company's stock had a trading volume of 8,704,355 shares, compared to its average volume of 19,128,393. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $46.75 and a twelve month high of $543.00. The business has a 50 day moving average price of $362.51 and a 200-day moving average price of $247.80. The firm has a market cap of $82.65 billion, a price-to-earnings ratio of -163.32 and a beta of 3.25.

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

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MSTR has been the topic of several analyst reports. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Mizuho started coverage on MicroStrategy in a research note on Wednesday. They issued an "outperform" rating and a $515.00 price target on the stock. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group raised their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, MicroStrategy presently has an average rating of "Moderate Buy" and a consensus target price of $483.22.

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.