MicroStrategy Incorporated (NASDAQ:MSTR) Stock Holdings Cut by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,675 shares of the software maker’s stock after selling 14,718 shares during the quarter. MicroStrategy makes up approximately 4.9% of Financial Sense Advisors Inc.’s portfolio, making the stock its 2nd largest position. Financial Sense Advisors Inc.’s holdings in MicroStrategy were worth $14,787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of MicroStrategy during the 4th quarter valued at $70,990,000. Vanguard Group Inc. increased its holdings in MicroStrategy by 10.1% during the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares during the last quarter. APEIRON CAPITAL Ltd bought a new stake in MicroStrategy in the first quarter worth about $53,864,000. International Assets Investment Management LLC purchased a new position in MicroStrategy in the fourth quarter valued at about $12,367,000. Finally, Berkshire Capital Holdings Inc. grew its position in shares of MicroStrategy by 154,600.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 15,470 shares of the software maker’s stock valued at $9,771,000 after acquiring an additional 15,460 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MSTR shares. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. TD Cowen boosted their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. StockNews.com raised MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Benchmark reissued a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday, April 25th. Finally, Maxim Group raised shares of MicroStrategy to a “strong-buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2,017.67.

Insiders Place Their Bets

In other news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 30,856 shares of company stock worth $42,901,781 in the last three months. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Trading Down 1.4 %

Shares of MSTR opened at $1,302.09 on Thursday. MicroStrategy Incorporated has a 52-week low of $307.11 and a 52-week high of $1,999.99. The stock’s 50-day simple moving average is $1,448.07 and its 200 day simple moving average is $1,141.03. 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:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The firm had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million.

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.