KLP Kapitalforvaltning AS Acquires New Position in MicroStrategy Incorporated (NASDAQ:MSTR)

KLP Kapitalforvaltning AS acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 61,100 shares of the software maker's stock, valued at approximately $17,696,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. Maryland State Retirement & Pension System grew its stake 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 acquiring an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position 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 purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of MicroStrategy by 38.2% in the fourth 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 raised its position in shares of MicroStrategy by 22.6% in the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after buying an additional 48 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in MicroStrategy by 0.9% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after buying an additional 50 shares during the period. Institutional investors own 59.84% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Cantor Fitzgerald increased their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $536.90.

Insider Activity

In other MicroStrategy 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 owns 4,970 shares of the company's stock, valued at $1,669,423. This represents a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phong Le purchased 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $510,000.00. Following the purchase, 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. Over the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

MicroStrategy Trading Down 3.7 %

NASDAQ MSTR traded down $12.50 during trading on Wednesday, hitting $329.31. 16,723,314 shares of the company's stock traded hands, compared to its average volume of 17,922,464. The stock has a fifty day moving average of $316.62 and a two-hundred day moving average of $292.37. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a market cap of $84.75 billion, a P/E ratio of -58.46 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.