EULAV Asset Management trimmed its position in MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) by 37.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,500 shares of the software maker’s stock after selling 51,500 shares during the period. EULAV Asset Management’s holdings in MicroStrategy were worth $25,052,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in MSTR. Sanctuary Advisors LLC purchased a new position in MicroStrategy during the second quarter worth about $553,000. GAMMA Investing LLC boosted its position in shares of MicroStrategy by 1,096.7% during the 3rd quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after acquiring an additional 329 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of MicroStrategy by 951.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,781 shares of the software maker’s stock valued at $1,312,000 after acquiring an additional 7,041 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of MicroStrategy by 933.3% during the third quarter. Brookstone Capital Management now owns 10,126 shares of the software maker’s stock worth $1,707,000 after purchasing an additional 9,146 shares in the last quarter. Finally, CWM LLC increased its position in shares of MicroStrategy by 1,063.3% in the third quarter. CWM LLC now owns 14,379 shares of the software maker’s stock worth $2,424,000 after purchasing an additional 13,143 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction dated 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 approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,050 shares of company stock valued at $16,314,110. Insiders own 9.16% of the company’s stock.
MicroStrategy Price Performance
MicroStrategy (NASDAQ:MSTR – Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday. They set an “outperform” rating and a $560.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.30.
Check Out Our Latest Report on MicroStrategy
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.
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