MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 521,414 shares of the software maker's stock after selling 6,718 shares during the quarter. LPL Financial LLC owned 0.22% of MicroStrategy worth $151,012,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after purchasing an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after purchasing an additional 567,628 shares during the period. Amundi raised its position in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of MicroStrategy in the 4th quarter valued at about $81,783,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

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MicroStrategy Trading Down 0.9 %

MSTR traded down $2.82 on Thursday, reaching $326.49. 6,751,913 shares of the company's stock were exchanged, compared to its average volume of 17,881,080. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company's 50 day moving average is $316.62 and its 200-day moving average is $292.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $84.02 billion, a price-to-earnings ratio of -57.96 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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 Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Cantor Fitzgerald upped their target price 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 dropped their price objective 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. Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $536.90.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le bought 6,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

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.