Dai ichi Life Insurance Company Ltd Buys 5,400 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Dai ichi Life Insurance Company Ltd raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 900.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,000 shares of the software maker’s stock after acquiring an additional 5,400 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in MicroStrategy were worth $1,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qsemble Capital Management LP acquired a new stake in shares of MicroStrategy during the 3rd quarter worth about $326,000. Associated Banc Corp grew its stake in MicroStrategy by 900.0% during the third quarter. Associated Banc Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after buying an additional 2,115 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of MicroStrategy by 750.0% during the third quarter. Private Trust Co. NA now owns 204 shares of the software maker’s stock worth $34,000 after buying an additional 180 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of MicroStrategy by 924.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 192,905 shares of the software maker’s stock valued at $32,524,000 after acquiring an additional 174,069 shares during the last quarter. Finally, DRW Securities LLC boosted its holdings in shares of MicroStrategy by 121.9% in the 3rd quarter. DRW Securities LLC now owns 4,649 shares of the software maker’s stock worth $784,000 after acquiring an additional 2,554 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of several research analyst reports. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Maxim Group boosted their target price 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, Benchmark raised their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report 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, the company has an average rating of “Moderate Buy” and an average target price of $479.25.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is owned by company insiders.

MicroStrategy Stock Up 9.9 %

Shares of NASDAQ:MSTR opened at $388.84 on Thursday. The company has a 50 day moving average price of $243.51 and a two-hundred day moving average price of $180.24. 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 market capitalization of $78.79 billion, a PE ratio of -184.55 and a beta of 3.05. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00.

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

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.