Sei Investments Co. Raises Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Sei Investments Co. lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 39.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,972 shares of the software maker's stock after acquiring an additional 3,376 shares during the period. Sei Investments Co.'s holdings in MicroStrategy were worth $3,468,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of MicroStrategy by 7.3% during the fourth quarter. American Century Companies Inc. now owns 24,415 shares of the software maker's stock worth $7,071,000 after acquiring an additional 1,667 shares during the period. Plancorp LLC raised its holdings in shares of MicroStrategy by 9.7% in the 4th quarter. Plancorp LLC now owns 2,482 shares of the software maker's stock valued at $719,000 after purchasing an additional 220 shares during the period. ZEGA Investments LLC bought a new stake in MicroStrategy in the fourth quarter valued at approximately $455,000. Kiker Wealth Management LLC bought a new stake in MicroStrategy in the 4th quarter valued at $721,000. Finally, iA Global Asset Management Inc. bought a new position in shares of MicroStrategy in the fourth quarter valued at about $5,713,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le purchased 6,000 shares of the firm's 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 $510,000.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

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MicroStrategy Price Performance

MSTR traded up $11.33 during trading on Friday, reaching $293.61. 24,786,728 shares of the company were exchanged, compared to its average volume of 17,865,732. The company's 50-day moving average is $305.50 and its two-hundred day moving average is $299.41. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a market cap of $75.56 billion, a price-to-earnings ratio of -52.12 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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 return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSTR. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Benchmark restated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $508.09.

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.