MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 979.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,727 shares of the software maker’s stock after purchasing an additional 6,104 shares during the period. Wellington Management Group LLP’s holdings in MicroStrategy were worth $1,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSTR. US Bancorp DE lifted its holdings in MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in MicroStrategy during the third quarter worth approximately $737,000. Vinva Investment Management Ltd acquired a new position in MicroStrategy in the third quarter valued at approximately $246,000. Hartline Investment Corp increased its stake in MicroStrategy by 1,064.6% in the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after purchasing an additional 4,865 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in MicroStrategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock worth $1,396,000 after purchasing an additional 5,560 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Down 6.6 %

MSTR stock opened at $326.46 on Friday. MicroStrategy Incorporated has a one year low of $43.87 and a one year high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty day moving average of $318.02 and a 200-day moving average of $206.87. The stock has a market capitalization of $66.16 billion, a PE ratio of -154.94 and a beta of 3.17.

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

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several research analyst reports. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark raised their price objective on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen lifted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $479.25.

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.