MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 811 shares of the software maker’s stock after purchasing an additional 72 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in MicroStrategy were worth $512,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MSTR. Vanguard Group Inc. raised its holdings in MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after purchasing an additional 103,107 shares during the period. UBS Group AG raised its holdings in shares of MicroStrategy by 376.9% during the third quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock valued at $11,984,000 after acquiring an additional 28,850 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at approximately $12,367,000. Financial Sense Advisors Inc. raised its holdings in shares of MicroStrategy by 274.7% during the third quarter. Financial Sense Advisors Inc. now owns 23,604 shares of the software maker’s stock valued at $7,749,000 after acquiring an additional 17,304 shares during the last quarter. Finally, Strong Tower Advisory Services acquired a new position in shares of MicroStrategy during the fourth quarter valued at approximately $6,566,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Price Performance

MSTR stock opened at $1,240.41 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $1,339.55 and a 200-day simple moving average of $800.40. The firm has a market capitalization of $21.05 billion, a PE ratio of 44.02 and a beta of 2.89. MicroStrategy Incorporated has a 1 year low of $266.00 and a 1 year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The company had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Buying and Selling

In related news, CEO Phong Le sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the transaction, the chief financial officer now directly owns 873 shares in the company, valued at $759,780.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phong Le sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,452 shares of company stock worth $122,745,797. Company insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark reissued a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a report on Thursday. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. BTIG Research increased their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, TD Cowen dropped their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $1,473.00.

About MicroStrategy

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.