Aspiring Ventures LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 88,488 shares of the software maker’s stock, valued at approximately $25,628,000. MicroStrategy accounts for 17.2% of Aspiring Ventures LLC’s investment portfolio, making the stock its 2nd largest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MSTR. UMB Bank n.a. grew its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC lifted its stake in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy in the third quarter worth about $27,000. Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.
MicroStrategy Stock Performance
Shares of MSTR stock opened at $353.67 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a one year low of $44.59 and a one year high of $543.00. The company’s 50-day simple moving average is $367.79 and its 200-day simple moving average is $242.68.
Insider Buying and Selling at MicroStrategy
In related news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last 90 days. Insiders own 9.16% of the company’s stock.
Analyst Upgrades and Downgrades
MSTR has been the subject of several recent research reports. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $479.25.
Check Out Our Latest Analysis on MSTR
MicroStrategy 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.
Read More
- Five stocks we like better than MicroStrategy
- Short Selling: How to Short a Stock
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
- Insider Buying Explained: What Investors Need to Know
- MarketBeat Week in Review – 01/20 – 01/24
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Netflix Stock Positioned for Explosive Growth in 2025
Want to see what other hedge funds are holding MSTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MicroStrategy Incorporated (NASDAQ:MSTR – Free Report).
Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.