Virtu Financial LLC Grows Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Virtu Financial LLC increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 151.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,750 shares of the software maker’s stock after acquiring an additional 1,657 shares during the period. Virtu Financial LLC’s holdings in MicroStrategy were worth $1,737,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $70,990,000. Beacon Pointe Advisors LLC purchased a new stake in MicroStrategy during the 4th quarter valued at $379,000. New York State Common Retirement Fund grew its holdings in MicroStrategy by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock worth $3,235,000 after acquiring an additional 366 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in MicroStrategy by 23.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after acquiring an additional 500 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after acquiring an additional 1,361 shares during the period. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Canaccord Genuity Group raised their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein started coverage on MicroStrategy in a research note on Thursday. They set an “outperform” rating and a $2,890.00 target price on the stock. StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark reiterated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a report on Thursday, April 25th. Finally, TD Cowen decreased their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $2,012.40.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of MicroStrategy stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,071 shares of company stock valued at $72,979,443 in the last ninety days. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Up 0.8 %

Shares of MSTR stock traded up $11.66 during mid-day trading on Friday, reaching $1,495.54. 1,379,009 shares of the company’s stock traded hands, compared to its average volume of 1,242,081. The company’s 50-day moving average price is $1,428.63 and its 200-day moving average price is $1,061.69. The company has a market cap of $26.53 billion, a P/E ratio of -223.21 and a beta of 3.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

About MicroStrategy

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.