MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 46.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,482 shares of the software maker’s stock after purchasing an additional 788 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MicroStrategy were worth $1,568,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSTR. IFP Advisors Inc boosted its holdings in MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after acquiring an additional 1,361 shares during the last quarter. Strong Tower Advisory Services acquired a new position in MicroStrategy in the fourth quarter valued at $6,566,000. International Assets Investment Management LLC acquired a new position in MicroStrategy in the fourth quarter valued at $12,367,000. Vanguard Group Inc. boosted its holdings in MicroStrategy by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in MicroStrategy by 498.9% in the fourth quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker’s stock valued at $5,538,000 after acquiring an additional 7,304 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSTR. BTIG Research lifted 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. Benchmark reissued a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday. StockNews.com raised MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a 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 stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $1,240.41 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average of $1,339.55 and a two-hundred day moving average of $800.40. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The company has a market cap of $21.05 billion, a P/E ratio of 44.02 and a beta of 2.89.

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

Insider Transactions at MicroStrategy

In other news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction 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 legal filing with the SEC, which is accessible through this link. In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the company’s 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 sale, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Kang sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the sale, the chief financial officer now owns 873 shares of the company’s stock, valued at $759,780.63. 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.

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.