Pacer Advisors Inc. Acquires 10,262 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Pacer Advisors Inc. boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 322.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,442 shares of the software maker’s stock after acquiring an additional 10,262 shares during the quarter. Pacer Advisors Inc.’s holdings in MicroStrategy were worth $3,893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSTR. Sei Investments Co. increased its position in shares of MicroStrategy by 16.9% during the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after purchasing an additional 97 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in MicroStrategy by 141.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares during the last quarter. AQR Capital Management LLC raised its position in MicroStrategy by 59.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock worth $6,199,000 after purchasing an additional 1,677 shares during the period. Mackenzie Financial Corp lifted its stake in shares of MicroStrategy by 88.6% during the 2nd quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock worth $2,349,000 after acquiring an additional 801 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of MicroStrategy by 51.8% during the second quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after purchasing an additional 594 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last 90 days. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $340.09 on Friday. MicroStrategy Incorporated has a 12-month low of $46.75 and a 12-month high of $543.00. The business’s fifty day simple moving average is $361.56 and its 200-day simple moving average is $248.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $81.50 billion, a PE ratio of -161.41 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned ($8.98) earnings per share.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSTR. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group upped their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Mizuho began coverage on shares of MicroStrategy in a report on Wednesday. They set an “outperform” rating and a $515.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

About MicroStrategy

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.