MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,047,625 shares of the software maker’s stock after acquiring an additional 281,342 shares during the quarter. Geode Capital Management LLC owned about 1.27% of MicroStrategy worth $881,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Riverview Trust Co acquired a new position in MicroStrategy during the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $25,000. Sunbelt Securities Inc. raised its stake in 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 position in MicroStrategy by 422.2% during 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 period. Finally, Aspect Partners LLC purchased a new stake in MicroStrategy during the 4th quarter valued at about $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Andrew Kang purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $312.54 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The business’s 50 day moving average is $308.52 and its two-hundred day moving average is $298.42. The company has a market capitalization of $80.43 billion, a P/E ratio of -55.48 and a beta of 3.36.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on MSTR. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Cantor Fitzgerald upped their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

MicroStrategy 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.