MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Korea Investment CORP

Korea Investment CORP raised its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 144.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,416 shares of the software maker's stock after buying an additional 49,936 shares during the period. Korea Investment CORP's holdings in MicroStrategy were worth $24,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Heritage Wealth Advisors purchased a new stake in MicroStrategy in the fourth quarter valued at $768,000. Core Wealth Partners LLC boosted its stake in MicroStrategy by 9.7% during the fourth quarter. Core Wealth Partners LLC now owns 5,925 shares of the software maker's stock worth $1,716,000 after buying an additional 525 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of MicroStrategy by 43.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 1,862 shares of the software maker's stock valued at $539,000 after acquiring an additional 563 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $222,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of MicroStrategy by 13.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 81,233 shares of the software maker's stock worth $23,527,000 after purchasing an additional 9,809 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Up 0.6 %

MicroStrategy stock traded up $1.76 during midday trading on Monday, reaching $291.17. The company's stock had a trading volume of 10,900,852 shares, compared to its average volume of 17,861,447. The company has a market cap of $74.93 billion, a P/E ratio of -51.68 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $313.64 and a 200-day simple moving average of $296.05. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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 return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Ratings Changes

A number of research analysts have commented on MSTR shares. Canaccord Genuity Group decreased their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy has an average rating of "Buy" and a consensus price target of $536.90.

Insider Activity at MicroStrategy

In related news, CFO Andrew Kang sold 2,185 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $719,433.10. Following the completion of the sale, the chief financial officer now directly owns 15,215 shares of the company's stock, valued at $5,009,690.90. This represents a 12.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company's stock.

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.