MTM Investment Management LLC Buys 8,793 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

MTM Investment Management LLC grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 839.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,840 shares of the software maker's stock after buying an additional 8,793 shares during the quarter. MTM Investment Management LLC's holdings in MicroStrategy were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MSTR. Allspring Global Investments Holdings LLC acquired a new position in shares of MicroStrategy during the first quarter worth approximately $58,000. Sei Investments Co. boosted its holdings in MicroStrategy by 36.3% during the first quarter. Sei Investments Co. now owns 575 shares of the software maker's stock worth $980,000 after purchasing an additional 153 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of MicroStrategy in the 1st quarter valued at approximately $309,000. O Shaughnessy Asset Management LLC raised its holdings in MicroStrategy by 23.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker's stock valued at $1,227,000 after acquiring an additional 136 shares during the period. Finally, American International Group Inc. increased its position in shares of MicroStrategy by 20.7% in the first quarter. American International Group Inc. now owns 7,326 shares of the software maker's stock worth $12,488,000 after purchasing an additional 1,254 shares during the period. Institutional investors own 72.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Benchmark lifted their price target on shares of MicroStrategy from $300.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. TD Cowen increased their price objective on MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays upped their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Finally, Canaccord Genuity Group increased their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $289.88.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business's 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 sale, the chief accounting officer now owns 5,670 shares of the company's stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy 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 completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % 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 over the last quarter. Corporate insiders own 13.18% of the company's stock.

MicroStrategy Stock Up 10.1 %

Shares of NASDAQ MSTR traded up $43.29 on Wednesday, hitting $473.83. The company had a trading volume of 69,788,740 shares, compared to its average volume of 17,622,701. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $504.83. 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 firm has a market capitalization of $96.02 billion, a P/E ratio of -224.88 and a beta of 3.05. The business has a 50 day moving average of $222.94 and a two-hundred day moving average of $172.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. During the same quarter last year, the company posted ($8.98) EPS. The firm's revenue was down 10.3% compared to the same quarter last year.

MicroStrategy Company 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.