Citrine Capital LLC Purchases Shares of 3,140 MicroStrategy Incorporated (NASDAQ:MSTR)

Citrine Capital LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,140 shares of the software maker’s stock, valued at approximately $909,000. MicroStrategy comprises approximately 0.7% of Citrine Capital LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. Thrivent Financial for Lutherans grew its holdings in shares of MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock worth $470,000 after acquiring an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of MicroStrategy by 144.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock worth $252,000 after acquiring an additional 108 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of MicroStrategy during the 2nd quarter worth approximately $553,000. GAMMA Investing LLC grew its holdings in shares of MicroStrategy by 1,096.7% during the 3rd quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock worth $61,000 after acquiring an additional 329 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of MicroStrategy by 951.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,781 shares of the software maker’s stock worth $1,312,000 after acquiring an additional 7,041 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research analyst reports. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $544.78.

MicroStrategy Price Performance

MSTR stock opened at $325.46 on Friday. MicroStrategy Incorporated has a 12-month low of $46.75 and a 12-month high of $543.00. 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 stock’s 50 day simple moving average is $356.27 and its 200 day simple moving average is $254.50.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is owned by corporate insiders.

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.