MicroStrategy Incorporated (NASDAQ:MSTR) Stake Cut by Longitude Cayman Ltd.

Longitude Cayman Ltd. lessened its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the software maker’s stock after selling 2,000 shares during the quarter. MicroStrategy makes up 2.2% of Longitude Cayman Ltd.’s investment portfolio, making the stock its 12th largest holding. Longitude Cayman Ltd.’s holdings in MicroStrategy were worth $3,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in shares of MicroStrategy by 3.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,674 shares of the software maker’s stock worth $878,000 after acquiring an additional 99 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MicroStrategy by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,694 shares of the software maker’s stock worth $556,000 after purchasing an additional 171 shares in the last quarter. Strs Ohio lifted its holdings in shares of MicroStrategy by 28.6% during the 3rd quarter. Strs Ohio now owns 900 shares of the software maker’s stock valued at $295,000 after buying an additional 200 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of MicroStrategy by 20.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 739 shares of the software maker’s stock valued at $243,000 after buying an additional 128 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in MicroStrategy by 168.1% in the third quarter. Fifth Third Bancorp now owns 3,662 shares of the software maker’s stock worth $1,202,000 after buying an additional 2,296 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

NASDAQ:MSTR traded up $144.52 during midday trading on Friday, reaching $1,584.50. The stock had a trading volume of 1,652,932 shares, compared to its average volume of 1,326,456. The stock has a market capitalization of $28.11 billion, a P/E ratio of -236.49 and a beta of 3.00. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The firm’s fifty day simple moving average is $1,440.12 and its 200-day simple moving average is $900.97.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $852.74, for a total value of $2,558,220.00. Following the transaction, the executive vice president now directly owns 453 shares in the company, valued at $386,291.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $852.74, for a total transaction of $2,558,220.00. Following the transaction, the executive vice president now owns 453 shares in the company, valued at approximately $386,291.22. The disclosure for this sale can be found here. Insiders sold 80,177 shares of company stock worth $102,045,061 over the last ninety days. Company insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MSTR. TD Cowen reduced their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Canaccord Genuity Group lowered their target price on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. BTIG Research boosted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Benchmark reissued a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,678.75.

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MicroStrategy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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