Strs Ohio Boosts Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Strs Ohio increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 77.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,600 shares of the software maker’s stock after buying an additional 700 shares during the quarter. Strs Ohio’s holdings in MicroStrategy were worth $1,010,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kingsview Wealth Management LLC boosted its stake in MicroStrategy by 4.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker’s stock valued at $298,000 after purchasing an additional 39 shares during the last quarter. MTM Investment Management LLC boosted its stake in MicroStrategy by 4.2% during the 4th quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker’s stock valued at $649,000 after purchasing an additional 41 shares during the last quarter. IFP Advisors Inc boosted its stake in MicroStrategy by 2.9% during the 3rd quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock valued at $497,000 after purchasing an additional 42 shares during the last quarter. Arizona State Retirement System boosted its stake in MicroStrategy by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 3,130 shares of the software maker’s stock valued at $1,028,000 after purchasing an additional 47 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in MicroStrategy by 1.1% during the 3rd quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker’s stock valued at $1,561,000 after purchasing an additional 51 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $484.16, for a total value of $2,420,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $484.16, for a total value of $2,420,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,452 shares of company stock valued at $118,687,597. 13.18% of the stock is owned by company insiders.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $1,338.64 on Wednesday. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. The stock’s fifty day moving average is $1,319.19 and its 200 day moving average is $794.03. The stock has a market cap of $22.72 billion, a P/E ratio of 47.50 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The company had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

Wall Street Analysts Forecast Growth

Several analysts have commented on MSTR shares. Benchmark increased their target price on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. BTIG Research increased their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Canaccord Genuity Group reissued a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. Finally, TD Cowen lowered their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus 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.