MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Aviva PLC

Aviva PLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 51.2% in the fourth quarter, HoldingsChannel reports. The fund owned 94,953 shares of the software maker’s stock after buying an additional 32,171 shares during the quarter. Aviva PLC’s holdings in MicroStrategy were worth $27,500,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Riverview Trust Co purchased a new position in MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth $25,000. Parkside Financial Bank & Trust raised its position in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the period. Aspect Partners LLC acquired a new position in MicroStrategy in the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC boosted its holdings in MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the subject of a number of research reports. Monness Crespi & Hardt cut MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a report on Tuesday, April 1st. Maxim Group increased their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

MSTR stock opened at $293.61 on Monday. The stock’s 50 day moving average is $305.50 and its two-hundred day moving average is $301.77. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a market capitalization of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

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.