MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,178 shares of the software maker’s stock after buying an additional 456 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in MicroStrategy were worth $4,534,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd raised its position in shares of MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after buying an additional 40 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in MicroStrategy in the 3rd quarter valued at $37,000. 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 valued at $40,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. acquired a new stake in MicroStrategy in the 3rd quarter valued at $41,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in MicroStrategy by 364.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock valued at $56,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Stock Up 3.4 %

NASDAQ:MSTR traded up $41.97 during mid-day trading on Friday, reaching $1,282.38. The stock had a trading volume of 877,433 shares, compared to its average volume of 2,140,196. The company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 45.51 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. The stock’s 50 day simple moving average is $1,351.21 and its two-hundred day simple moving average is $806.94. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSTR shares. StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark reiterated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a report on Thursday. BTIG Research raised their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen lowered their target price on 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. Finally, Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

Insiders Place Their Bets

In other news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $491.32, for a total transaction of $2,456,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total value of $5,999,621.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $491.32, for a total transaction of $2,456,600.00. The disclosure for this sale can be found here. Insiders have sold 117,452 shares of company stock valued at $122,745,797 over the last quarter. Insiders own 13.18% of the company’s stock.

MicroStrategy Company Profile

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.