MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,047,625 shares of the software maker's stock after buying an additional 281,342 shares during the period. Geode Capital Management LLC owned approximately 1.27% of MicroStrategy worth $881,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in MicroStrategy during the fourth quarter valued at $523,981,000. Amundi lifted its position in shares of MicroStrategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $81,783,000. Virtu Financial LLC lifted its holdings in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of MicroStrategy by 1,126.2% in the third quarter. Stifel Financial Corp now owns 193,840 shares of the software maker's stock worth $32,681,000 after purchasing an additional 178,032 shares during the period. Institutional investors own 59.84% of the company's stock.

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao acquired 500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost 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 in the company, valued at $42,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phong Le purchased 6,000 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $510,000.00. Following the completion of the transaction, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

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MicroStrategy Trading Up 4.0 %

Shares of MSTR traded up $11.33 during midday trading on Friday, hitting $293.61. The stock had a trading volume of 24,786,728 shares, compared to its average volume of 17,846,236. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market cap of $75.56 billion, a PE ratio of -52.12 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 stock's 50 day moving average is $305.50 and its 200 day moving average is $301.77.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented 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. Monness Crespi & Hardt cut MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Barclays dropped 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. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

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.