California State Teachers Retirement System Increases Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

California State Teachers Retirement System grew its position in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,826 shares of the software maker’s stock after buying an additional 664 shares during the period. California State Teachers Retirement System owned approximately 0.09% of MicroStrategy worth $8,101,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in MicroStrategy during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd boosted its position in shares of MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after buying an additional 40 shares during the last quarter. Signaturefd LLC increased its holdings in MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after buying an additional 29 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in MicroStrategy by 364.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after buying an additional 135 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in MicroStrategy during the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Trading Down 3.6 %

Shares of MSTR stock opened at $1,596.20 on Friday. MicroStrategy Incorporated has a 1 year low of $266.00 and a 1 year high of $1,999.99. The firm has a fifty day moving average price of $1,431.38 and a 200-day moving average price of $1,021.62. The company has a market cap of $28.32 billion, a price-to-earnings ratio of -238.24 and a beta of 3.08. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78.

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

Insider Buying and Selling

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,364 shares of company stock valued at $78,474,756. 13.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on MSTR

MicroStrategy Company 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

Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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