Assenagon Asset Management S.A. Raises Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Assenagon Asset Management S.A. lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 94.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,988 shares of the software maker’s stock after buying an additional 2,423 shares during the period. Assenagon Asset Management S.A.’s holdings in MicroStrategy were worth $1,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. increased its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Down 1.1 %

Shares of MicroStrategy stock opened at $373.12 on Friday. MicroStrategy Incorporated has a fifty-two week low of $44.51 and a fifty-two week high of $543.00. The business’s fifty day moving average is $367.53 and its two-hundred day moving average is $241.12. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $89.42 billion, a PE ratio of -177.09 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the business posted ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% on a year-over-year basis.

Analysts Set New Price Targets

MSTR has been the subject of several analyst reports. Barclays upped their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. 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 report on Thursday, November 21st. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $479.25.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the firm’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 sale, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This trade represents a 10.49 % 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, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last three months. Corporate insiders own 9.16% of the company’s stock.

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.