MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,484 shares of the software maker’s stock after purchasing an additional 164 shares during the period. Franklin Resources Inc.’s holdings in MicroStrategy were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in shares of MicroStrategy in the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd increased its position in shares of MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after acquiring an additional 40 shares in the last quarter. Signaturefd LLC increased its position in shares of MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of MicroStrategy in the third quarter worth approximately $41,000. Finally, Beaird Harris Wealth Management LLC increased its position in shares of MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 688 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $1,657.49, for a total value of $1,140,353.12. Following the completion of the sale, the chairman now directly owns 688 shares in the company, valued at $1,140,353.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Michael J. Saylor sold 688 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $1,657.49, for a total value of $1,140,353.12. Following the completion of the sale, the chairman now directly owns 688 shares in the company, valued at $1,140,353.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jarrod M. Patten sold 3,675 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,364 shares of company stock worth $78,474,756. 13.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSTR. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Benchmark restated a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a report on Thursday, April 25th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, BTIG Research raised their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,793.00.

Read Our Latest Stock Report on MicroStrategy

MicroStrategy Price Performance

NASDAQ MSTR opened at $1,656.63 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $29.38 billion, a PE ratio of -247.26 and a beta of 3.08. The company has a 50 day moving average price of $1,433.55 and a two-hundred day moving average price of $1,014.07. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99.

MicroStrategy (NASDAQ:MSTRGet Free Report) last posted its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

MicroStrategy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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