Vanguard Group Inc. Sells 1,149,033 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Vanguard Group Inc. cut its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,303,720 shares of the software maker’s stock after selling 1,149,033 shares during the period. Vanguard Group Inc. owned 6.80% of MicroStrategy worth $4,721,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Riverview Trust Co purchased a new stake in MicroStrategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the fourth quarter valued at $25,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of MicroStrategy during the 4th quarter worth about $28,000. 59.84% of the stock is owned by institutional investors.

MicroStrategy Price Performance

Shares of MSTR opened at $335.72 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a 50 day moving average price of $317.26 and a 200-day moving average price of $290.51. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The stock has a market capitalization of $86.40 billion, a PE ratio of -59.60 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSTR. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Monness Crespi & Hardt initiated coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating on the stock. Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $536.90.

Insider Activity at MicroStrategy

In other news, EVP Wei-Ming Shao purchased 500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,000 shares of company stock valued at $680,000 over the last quarter. 9.16% of the stock is owned by corporate insiders.

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.