Magnetar Financial LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Magnetar Financial LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,557 shares of the software maker's stock, valued at approximately $2,189,000.

Several other institutional investors have also bought and sold shares of MSTR. GSA Capital Partners LLP acquired a new stake in MicroStrategy in the third quarter worth approximately $261,000. Victory Capital Management Inc. lifted its holdings in shares of MicroStrategy by 894.7% in the third quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker's stock valued at $9,750,000 after buying an additional 52,016 shares during the period. Oppenheimer & Co. Inc. bought a new position in MicroStrategy during the third quarter valued at about $238,000. CIBC Asset Management Inc grew its holdings in MicroStrategy by 935.8% during the third quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker's stock worth $732,000 after acquiring an additional 3,921 shares during the period. Finally, Empowered Funds LLC bought a new stake in MicroStrategy in the third quarter worth about $440,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CEO Phong Le purchased 6,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,000 shares of company stock valued at $680,000. 9.16% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, MicroStrategy has a consensus rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Stock Up 10.4 %

NASDAQ:MSTR traded up $31.72 on Monday, hitting $335.72. 22,976,240 shares of the company's stock traded hands, compared to its average volume of 18,047,018. The company has a market cap of $86.40 billion, a PE ratio of -59.60 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $317.11 and a 200-day moving average price of $288.99.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates 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.