Public Employees Retirement Association of Colorado Sells 133 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Public Employees Retirement Association of Colorado cut its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,261 shares of the software maker’s stock after selling 133 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in MicroStrategy were worth $687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of MicroStrategy by 728.6% during the fourth quarter. Spire Wealth Management now owns 58 shares of the software maker’s stock worth $32,000 after purchasing an additional 51 shares during the period. Sittner & Nelson LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $38,000. Solstein Capital LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $57,000. IFP Advisors Inc boosted its position in MicroStrategy by 115.1% in the fourth quarter. IFP Advisors Inc now owns 157 shares of the software maker’s stock valued at $87,000 after buying an additional 84 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its position in MicroStrategy by 26.2% in the third quarter. Centaurus Financial Inc. now owns 212 shares of the software maker’s stock valued at $123,000 after buying an additional 44 shares in the last quarter. 52.87% of the stock is currently owned by institutional investors.

In other MicroStrategy news, EVP Timothy Edwin Lang purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average price of $200.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now owns 2,708 shares in the company, valued at $541,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Rechan purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was acquired at an average cost of $204.42 per share, for a total transaction of $408,840.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $408,840. The disclosure for this purchase can be found here. 22.59% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on MSTR. TheStreet lowered shares of MicroStrategy from a “c-” rating to a “d+” rating in a report on Monday, May 9th. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $540.00 to $453.00 in a report on Wednesday, May 4th. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Saturday, April 30th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Thursday, May 12th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $613.29.

MSTR stock opened at $202.75 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of -3.73 and a beta of 1.72. The company’s 50-day moving average is $389.08 and its 200-day moving average is $486.25. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.81 and a quick ratio of 0.81. MicroStrategy Incorporated has a 1 year low of $134.09 and a 1 year high of $891.38.

MicroStrategy (NASDAQ:MSTRGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($11.92). The company had revenue of $119.28 million for the quarter, compared to the consensus estimate of $126.23 million. MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. MicroStrategy’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. On average, analysts anticipate that MicroStrategy Incorporated will post -11.76 earnings per share for the current fiscal year.

About MicroStrategy (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

Featured Articles

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.