MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Longitude Cayman Ltd.

Longitude Cayman Ltd. grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 459.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,700 shares of the software maker's stock after purchasing an additional 17,000 shares during the quarter. MicroStrategy makes up approximately 1.0% of Longitude Cayman Ltd.'s holdings, making the stock its 20th biggest holding. Longitude Cayman Ltd.'s holdings in MicroStrategy were worth $3,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSTR. Swiss National Bank raised its holdings in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Vanguard Group Inc. raised its stake in MicroStrategy by 34.8% during the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker's stock worth $2,647,263,000 after acquiring an additional 401,071 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after buying an additional 314,007 shares during the period. International Assets Investment Management LLC increased its stake in shares of MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker's stock valued at $40,223,000 after buying an additional 238,463 shares during the period. Finally, Capital International Investors increased its position in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker's stock valued at $3,053,828,000 after purchasing an additional 232,667 shares during the period. Institutional investors own 72.03% of the company's stock.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 752 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 50,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,954 shares of company stock worth $30,553,037. 13.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MSTR shares. BTIG Research increased their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Canaccord Genuity Group raised their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. TD Cowen boosted their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Barclays upped 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 given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $271.13.

MicroStrategy Stock Up 13.0 %

NASDAQ:MSTR traded up $44.14 during mid-day trading on Monday, hitting $384.79. 32,624,978 shares of the company's stock traded hands, compared to its average volume of 17,239,750. The company has a fifty day moving average of $210.03 and a 200 day moving average of $168.07. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $388.49. The company has a market capitalization of $77.98 billion, a P/E ratio of -182.36 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. During the same quarter in the previous year, the company earned ($8.98) EPS. The firm's quarterly revenue was down 10.3% compared to the same quarter last year.

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.