2,485 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Commerce Bank

Commerce Bank bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,485 shares of the software maker’s stock, valued at approximately $419,000.

Other large investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of MicroStrategy by 19.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock worth $2,343,000 after purchasing an additional 225 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in MicroStrategy by 36.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,590 shares of the software maker’s stock worth $2,710,000 after buying an additional 424 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of MicroStrategy during the 1st quarter worth about $1,040,000. California State Teachers Retirement System grew its holdings in shares of MicroStrategy by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock valued at $25,297,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of MicroStrategy in the first quarter valued at about $8,901,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday. Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Maxim Group boosted 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. Finally, Sanford C. Bernstein raised their target price on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Down 12.3 %

Shares of MSTR stock opened at $353.69 on Wednesday. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-month high of $543.00. The company has a market capitalization of $71.67 billion, a PE ratio of -167.63 and a beta of 3.05. The firm has a 50 day moving average price of $239.06 and a two-hundred day moving average price of $178.58. 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 (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the business posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated 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 completion of the sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the 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 transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by corporate insiders.

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.