Polymer Capital Management HK LTD Sells 4,900 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Polymer Capital Management HK LTD lessened its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 60.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,200 shares of the software maker’s stock after selling 4,900 shares during the quarter. Polymer Capital Management HK LTD’s holdings in MicroStrategy were worth $927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in MicroStrategy by 204.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock worth $1,396,000 after purchasing an additional 5,560 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of MicroStrategy by 876.1% in the third quarter. MetLife Investment Management LLC now owns 3,192 shares of the software maker’s stock worth $538,000 after buying an additional 2,865 shares in the last quarter. Captrust Financial Advisors boosted its stake in MicroStrategy by 1,038.7% during the third quarter. Captrust Financial Advisors now owns 4,771 shares of the software maker’s stock valued at $804,000 after buying an additional 4,352 shares during the last quarter. Garden State Investment Advisory Services LLC grew its holdings in MicroStrategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock valued at $443,000 after buying an additional 2,392 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of MicroStrategy by 1,362.5% during the 3rd quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker’s stock worth $1,973,000 after acquiring an additional 10,900 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Monness Crespi & Hardt lowered shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a report on Tuesday, April 1st. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays lowered their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. One research 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 has an average rating of “Moderate Buy” and a consensus price target of $508.09.

MicroStrategy Price Performance

Shares of MSTR stock opened at $293.61 on Monday. The company has a market capitalization of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. The company’s 50-day simple moving average is $305.50 and its two-hundred day simple moving average is $301.77. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.