MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Synergy Asset Management LLC

Synergy Asset Management LLC increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 117.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,384 shares of the software maker's stock after acquiring an additional 10,473 shares during the period. Synergy Asset Management LLC's holdings in MicroStrategy were worth $5,614,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after purchasing an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after purchasing an additional 567,628 shares during the period. Swiss National Bank lifted its holdings in MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after buying an additional 314,007 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded down $1.16 during midday trading on Thursday, hitting $340.09. 12,548,977 shares of the company's stock traded hands, compared to its average volume of 19,340,348. The firm has a fifty day moving average of $362.51 and a 200 day moving average of $247.80. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $81.50 billion, a price-to-earnings ratio of -161.41 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. MicroStrategy's revenue was down 10.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays raised their target price on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of "Moderate Buy" and an average target price of $483.22.

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.