1,809,201 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Norges Bank

Norges Bank bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,809,201 shares of the software maker's stock, valued at approximately $523,981,000. Norges Bank owned approximately 0.75% of MicroStrategy at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of MicroStrategy by 422.2% in the 4th 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 in the last quarter. Finally, Aspect Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at $28,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Up 0.5 %

MicroStrategy stock traded up $1.33 during mid-day trading on Monday, reaching $290.74. 11,583,376 shares of the company traded hands, compared to its average volume of 17,863,747. The firm's 50 day moving average price is $313.64 and its 200 day moving average price is $296.05. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week 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 capitalization of $74.82 billion, a price-to-earnings ratio of -52.21 and a beta of 3.36.

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

Insider Activity

In other MicroStrategy news, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MSTR. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday, March 19th. They set a "neutral" rating for the company. Barclays reduced their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $536.90.

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.