Van ECK Associates Corp Cuts Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Van ECK Associates Corp cut its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,130 shares of the software maker’s stock after selling 35,418 shares during the quarter. Van ECK Associates Corp’s holdings in MicroStrategy were worth $34,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSTR. Creative Planning grew its stake in MicroStrategy by 1,294.2% during the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker’s stock worth $15,138,000 after buying an additional 83,344 shares during the last quarter. NBC Securities Inc. grew its stake in MicroStrategy by 900.0% during the 3rd quarter. NBC Securities Inc. now owns 820 shares of the software maker’s stock worth $138,000 after buying an additional 738 shares during the last quarter. Vontobel Holding Ltd. grew its stake in MicroStrategy by 411.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 24,710 shares of the software maker’s stock worth $4,166,000 after buying an additional 19,876 shares during the last quarter. Global Retirement Partners LLC grew its stake in MicroStrategy by 566.3% during the 3rd quarter. Global Retirement Partners LLC now owns 15,284 shares of the software maker’s stock worth $2,577,000 after buying an additional 12,990 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in MicroStrategy by 1,854.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 9,048 shares of the software maker’s stock worth $1,525,000 after buying an additional 8,585 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.16% of the stock is owned by company insiders.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $337.73 on Friday. The stock has a market capitalization of $80.94 billion, a price-to-earnings ratio of -59.96 and a beta of 3.25. MicroStrategy Incorporated has a twelve month low of $66.43 and a twelve month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $349.12 and a 200 day moving average of $261.08.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MSTR shares. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays decreased their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

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.