MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Raised by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 353.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,126 shares of the software maker's stock after buying an additional 9,452 shares during the quarter. Ameritas Advisory Services LLC's holdings in MicroStrategy were worth $3,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. Geode Capital Management LLC increased its stake in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MicroStrategy by 971.3% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after buying an additional 567,628 shares during the last quarter. Swiss National Bank boosted its position in 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 buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MicroStrategy by 1,077.0% in the 3rd 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. Institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MSTR shares. Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group lifted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Price Performance

Shares of MSTR stock traded up $29.50 during trading hours on Monday, hitting $396.50. The company's stock had a trading volume of 24,214,007 shares, compared to its average volume of 19,841,848. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. The stock has a market cap of $95.02 billion, a price-to-earnings ratio of -188.18 and a beta of 3.25. The business has a fifty day moving average of $363.86 and a 200-day moving average of $235.52.

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

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company's stock.

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.