Swiss National Bank Purchases 421,600 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Swiss National Bank increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 904.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 468,200 shares of the software maker’s stock after acquiring an additional 421,600 shares during the quarter. Swiss National Bank’s holdings in MicroStrategy were worth $78,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MSTR. Allspring Global Investments Holdings LLC bought a new stake in MicroStrategy during the first quarter valued at approximately $58,000. Sei Investments Co. boosted its stake in shares of MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock worth $980,000 after acquiring an additional 153 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of MicroStrategy during the 1st quarter valued at $309,000. O Shaughnessy Asset Management LLC increased its stake in shares of MicroStrategy by 23.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after purchasing an additional 136 shares in the last quarter. Finally, American International Group Inc. raised its holdings in MicroStrategy by 20.7% in the 1st 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.

Insiders Place Their Bets

In related news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,000 shares of company stock valued at $30,569,577 in the last quarter. 13.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Sanford C. Bernstein reduced their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BTIG Research raised their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.88.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $430.54 on Wednesday. The firm has a market cap of $87.24 billion, a price-to-earnings ratio of -204.34 and a beta of 3.05. The firm has a fifty day moving average price of $216.04 and a 200 day moving average price of $170.24. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week high of $449.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($8.98) EPS.

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.