MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,233 shares of the software maker's stock after purchasing an additional 9,809 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in MicroStrategy were worth $23,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in MicroStrategy during the 4th quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth about $25,000. Sunbelt Securities Inc. lifted its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC acquired a new stake in MicroStrategy during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Company insiders own 9.16% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently commented on MSTR. Benchmark reiterated a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $0.07 during midday trading on Monday, hitting $289.48. 6,559,961 shares of the company's stock were exchanged, compared to its average volume of 17,843,546. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. 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 $74.50 billion, a P/E ratio of -51.39 and a beta of 3.36. The stock's 50 day moving average price is $313.64 and its 200-day moving average price is $296.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.