Corebridge Financial Inc. Buys 11,882 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Corebridge Financial Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 926.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,164 shares of the software maker's stock after purchasing an additional 11,882 shares during the period. Corebridge Financial Inc.'s holdings in MicroStrategy were worth $3,813,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock valued at $912,000 after buying an additional 5,069 shares during the period. Cerity Partners LLC bought a new position in MicroStrategy in the third quarter valued at $1,040,000. Private Trust Co. NA increased its stake in MicroStrategy by 750.0% in the 3rd quarter. Private Trust Co. NA now owns 204 shares of the software maker's stock valued at $34,000 after buying an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MicroStrategy by 204.5% in the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock valued at $1,396,000 after acquiring an additional 5,560 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of MicroStrategy by 932.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker's stock valued at $874,000 after buying an additional 4,683 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

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Insider Activity

In other news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Monness Crespi & Hardt downgraded shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research note on Tuesday. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

MicroStrategy Price Performance

MicroStrategy stock traded up $17.75 during trading hours on Tuesday, reaching $306.02. 16,655,856 shares of the stock were exchanged, compared to its average volume of 17,869,965. 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 company has a market cap of $78.75 billion, a P/E ratio of -54.33 and a beta of 3.36. The stock has a 50 day moving average of $311.48 and a two-hundred day moving average of $297.16. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

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 for the quarter, missing the consensus estimate 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.