Nvwm LLC Purchases 2,511 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Nvwm LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 4,828.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,563 shares of the software maker’s stock after acquiring an additional 2,511 shares during the quarter. Nvwm LLC’s holdings in MicroStrategy were worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after purchasing an additional 567,628 shares in the last quarter. Swiss National Bank raised its holdings in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after buying an additional 314,007 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,050 shares of company stock worth $16,314,110. Company insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $348.31 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $358.58 and its 200 day moving average price is $253.42. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSTR shares. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $483.22.

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.