Vanguard Group Inc. raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 834,165 shares of the software maker’s stock after buying an additional 36,576 shares during the period. Vanguard Group Inc. owned 7.29% of MicroStrategy worth $156,657,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Martingale Asset Management L P raised its position in MicroStrategy by 6.8% in the first quarter. Martingale Asset Management L P now owns 36,310 shares of the software maker’s stock worth $6,820,000 after buying an additional 2,301 shares in the last quarter. Alambic Investment Management L.P. raised its position in MicroStrategy by 47.2% in the first quarter. Alambic Investment Management L.P. now owns 10,510 shares of the software maker’s stock worth $1,974,000 after buying an additional 3,370 shares in the last quarter. Thrivent Financial For Lutherans raised its position in MicroStrategy by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 5,270 shares of the software maker’s stock worth $990,000 after buying an additional 220 shares in the last quarter. Isthmus Partners LLC raised its position in MicroStrategy by 0.4% in the first quarter. Isthmus Partners LLC now owns 4,212 shares of the software maker’s stock worth $791,000 after buying an additional 18 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in MicroStrategy during the fourth quarter worth about $520,000. 78.41% of the stock is owned by institutional investors.
MicroStrategy Incorporated (NASDAQ:MSTR) opened at 132.13 on Tuesday. The firm has a market cap of $1.51 billion, a PE ratio of 18.25 and a beta of 0.87. The firm has a 50-day moving average of $182.09 and a 200-day moving average of $187.57. MicroStrategy Incorporated has a 52-week low of $131.51 and a 52-week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. The business had revenue of $120.61 million during the quarter, compared to analyst estimates of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. Equities analysts anticipate that MicroStrategy Incorporated will post $4.42 EPS for the current year.
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A number of equities analysts have issued reports on MSTR shares. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 4th. BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Mizuho reaffirmed a “buy” rating and set a $220.00 target price on shares of MicroStrategy in a research note on Sunday, April 23rd. TheStreet cut shares of MicroStrategy from a “b” rating to a “c+” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG cut shares of MicroStrategy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. MicroStrategy currently has a consensus rating of “Hold” and an average price target of $191.00.
In other news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $183.54, for a total value of $440,496.00. Following the transaction, the executive vice president now directly owns 1,005 shares of the company’s stock, valued at approximately $184,457.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.80% of the company’s stock.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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