Verus Capital Partners LLC Has $803,000 Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Verus Capital Partners LLC lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,081.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,761 shares of the software maker’s stock after acquiring an additional 4,358 shares during the period. Verus Capital Partners LLC’s holdings in MicroStrategy were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MSTR. Capital International Investors raised its stake in shares of MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares in the last quarter. Vanguard Group Inc. increased its position in shares of MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after purchasing an additional 401,071 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares during the last quarter. National Pension Service boosted its position in MicroStrategy by 900.0% in the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in MicroStrategy by 224,965.1% during the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after buying an additional 238,463 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MSTR. Benchmark boosted their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. TD Cowen lifted their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays upped their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.13.

MicroStrategy Stock Performance

MSTR stock opened at $356.59 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $360.89. The business’s fifty day moving average is $192.07 and its 200-day moving average is $161.52.

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

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,788 shares of company stock worth $29,895,333. 13.18% of the stock is currently owned by company insiders.

About MicroStrategy

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.