Geode Capital Management LLC Grows Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Geode Capital Management LLC lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 10.2% during the 4th quarter, HoldingsChannel reports. The firm owned 3,047,625 shares of the software maker’s stock after purchasing an additional 281,342 shares during the quarter. Geode Capital Management LLC’s holdings in MicroStrategy were worth $881,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSTR. Riverview Trust Co purchased a new stake in MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust grew its holdings in shares of MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC acquired a new stake in MicroStrategy during the fourth quarter worth about $28,000. Finally, Private Wealth Management Group LLC raised its stake in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

MicroStrategy Stock Up 2.1 %

Shares of NASDAQ:MSTR opened at $312.54 on Thursday. The firm’s 50-day moving average is $308.52 and its two-hundred day moving average is $298.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The firm has a market capitalization of $80.43 billion, a PE ratio of -55.48 and a beta of 3.36.

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

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.