AtonRa Partners Sells 248 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

AtonRa Partners decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 919 shares of the software maker’s stock after selling 248 shares during the quarter. MicroStrategy makes up 1.2% of AtonRa Partners’ portfolio, making the stock its 24th biggest holding. AtonRa Partners’ holdings in MicroStrategy were worth $580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSTR. Flaharty Asset Management LLC raised its position in MicroStrategy by 10.2% in the fourth quarter. Flaharty Asset Management LLC now owns 1,084 shares of the software maker’s stock worth $685,000 after acquiring an additional 100 shares during the period. Kapstone Financial Advisors LLC raised its holdings in MicroStrategy by 73.9% in the 4th quarter. Kapstone Financial Advisors LLC now owns 6,035 shares of the software maker’s stock worth $3,812,000 after purchasing an additional 2,565 shares during the period. Paradigm Financial Partners LLC purchased a new position in MicroStrategy during the fourth quarter valued at $411,000. Truist Financial Corp bought a new stake in MicroStrategy during the fourth quarter valued at about $1,414,000. Finally, State of New Jersey Common Pension Fund D increased its position in MicroStrategy by 6.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 7,178 shares of the software maker’s stock worth $4,534,000 after buying an additional 456 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MSTR shares. BTIG Research lifted their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark reissued a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Finally, TD Cowen cut their price target 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. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $1,733.75.

Insider Activity

In related news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares of the company’s stock, valued at $512,437.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $500.62, for a total transaction of $2,503,100.00. The disclosure for this sale can be found here. Insiders sold a total of 112,452 shares of company stock worth $120,206,247 over the last 90 days. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

Shares of MicroStrategy stock traded up $10.59 on Monday, hitting $1,292.97. 996,010 shares of the company traded hands, compared to its average volume of 2,126,249. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The business has a 50-day simple moving average of $1,363.08 and a 200 day simple moving average of $820.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $21.94 billion, a P/E ratio of 45.88 and a beta of 2.89.

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

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.