Cullinan Associates Inc. Has $2.90 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Cullinan Associates Inc. raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 100.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the software maker’s stock after buying an additional 5,000 shares during the quarter. Cullinan Associates Inc.’s holdings in MicroStrategy were worth $2,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. raised its position in MicroStrategy by 16.9% during the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares in the last quarter. Thrivent Financial for Lutherans raised 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 buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 buying an additional 108 shares during the last quarter. Cetera Investment Advisers boosted its stake in MicroStrategy by 19.8% in the second quarter. Cetera Investment Advisers now owns 6,256 shares of the software maker’s stock valued at $8,618,000 after buying an additional 1,034 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in MicroStrategy in the second quarter valued at about $553,000. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. 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. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One investment 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 has an average rating of “Moderate Buy” and an average price target of $483.22.

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is currently owned by company insiders.

MicroStrategy Stock Up 3.7 %

Shares of MicroStrategy stock opened at $347.09 on Tuesday. MicroStrategy Incorporated has a 1-year low of $46.75 and a 1-year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $358.69 and a two-hundred day moving average price of $252.22.

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.