ICICI Prudential Asset Management Co Ltd Invests $690,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

ICICI Prudential Asset Management Co Ltd bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,383 shares of the software maker’s stock, valued at approximately $690,000.

A number of other large investors also recently modified their holdings of MSTR. Creative Planning lifted its position in shares of MicroStrategy by 1,294.2% during the third quarter. Creative Planning now owns 89,784 shares of the software maker’s stock worth $15,138,000 after purchasing an additional 83,344 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of MicroStrategy by 820.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after purchasing an additional 320 shares in the last quarter. Whittier Trust Co. lifted its position in shares of MicroStrategy by 921.6% during the third quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock worth $319,000 after purchasing an additional 1,705 shares in the last quarter. Shariaportfolio Inc. lifted its holdings in MicroStrategy by 1,121.2% in the third quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker’s stock valued at $19,705,000 after buying an additional 107,303 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in MicroStrategy by 915.2% in the third quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker’s stock valued at $20,396,000 after buying an additional 109,054 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Down 1.1 %

Shares of MSTR stock opened at $333.99 on Wednesday. The firm has a fifty day moving average of $347.70 and a 200-day moving average of $265.13. 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 Incorporated has a 12-month low of $66.43 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays cut their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Company 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.