Metis Global Partners LLC Acquires 1,810 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Metis Global Partners LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 952.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the software maker's stock after purchasing an additional 1,810 shares during the quarter. Metis Global Partners LLC's holdings in MicroStrategy were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its stake in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after purchasing an additional 3,773 shares in the last quarter. Hartline Investment Corp boosted its stake in shares of MicroStrategy by 1,064.6% during the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker's stock worth $897,000 after acquiring an additional 4,865 shares in the last quarter. National Pension Service boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker's stock worth $41,307,000 after acquiring an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of MicroStrategy by 848.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker's stock worth $6,239,000 after acquiring an additional 33,105 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock worth $57,857,000 after acquiring an additional 314,007 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their price target on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Benchmark upped their price target on MicroStrategy from $300.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday. TD Cowen upped their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald assumed coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an "overweight" rating and a $194.00 price objective for the company. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $289.88.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now directly owns 13,918 shares of the company's stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at approximately $912,152. The trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock valued at $30,569,577 in the last quarter. Corporate insiders own 13.18% of the company's stock.

MicroStrategy Stock Performance

MicroStrategy stock traded up $45.75 during trading hours on Tuesday, hitting $430.54. The stock had a trading volume of 50,632,443 shares, compared to its average volume of 17,389,324. The company has a 50-day moving average of $216.04 and a two-hundred day moving average of $170.24. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $87.24 billion, a PE ratio of -204.34 and a beta of 3.05. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $449.00.

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

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.