Heritage Investors Management Corp Trims Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Heritage Investors Management Corp lowered its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,186 shares of the software maker’s stock after selling 28 shares during the quarter. Heritage Investors Management Corp’s holdings in MicroStrategy were worth $2,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in shares of MicroStrategy by 12.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,230 shares of the software maker’s stock worth $4,343,000 after acquiring an additional 1,454 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of MicroStrategy by 3.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,674 shares of the software maker’s stock valued at $878,000 after buying an additional 99 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of MicroStrategy by 37.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 959 shares of the software maker’s stock valued at $315,000 after buying an additional 263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MicroStrategy by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,694 shares of the software maker’s stock worth $556,000 after buying an additional 171 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of MicroStrategy by 28.6% during the 3rd quarter. Strs Ohio now owns 900 shares of the software maker’s stock worth $295,000 after acquiring an additional 200 shares in the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Stock Performance

Shares of MSTR stock traded up $30.52 during trading hours on Thursday, hitting $1,263.64. The company’s stock had a trading volume of 1,023,661 shares, compared to its average volume of 2,068,573. MicroStrategy Incorporated has a 12-month low of $266.00 and a 12-month high of $1,999.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a market cap of $21.44 billion, a PE ratio of -188.60 and a beta of 3.00. The company has a 50 day moving average of $1,418.99 and a 200 day moving average of $858.04.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insiders Place Their Bets

In related news, CEO Phong Le sold 10,000 shares of MicroStrategy 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 completion of the transaction, the chief executive officer now owns 595 shares in the company, valued at approximately $512,437.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the 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 owns 595 shares of the company’s stock, valued at $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $634.03, for a total value of $3,170,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,452 shares of company stock worth $110,218,847. Corporate insiders own 13.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSTR shares. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. TD Cowen cut their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Benchmark reiterated a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday, April 25th. Finally, BTIG Research lifted their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,678.75.

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.