JTC Employer Solutions Trustee Ltd Invests $102,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

JTC Employer Solutions Trustee Ltd bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 60 shares of the software maker’s stock, valued at approximately $102,000.

Several other institutional investors have also recently added to or reduced their stakes in MSTR. Norges Bank purchased a new stake in MicroStrategy in the fourth quarter valued at $70,990,000. Vanguard Group Inc. lifted its holdings in shares of MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after purchasing an additional 103,107 shares during the last quarter. APEIRON CAPITAL Ltd acquired a new stake in shares of MicroStrategy in the 1st quarter valued at about $53,864,000. International Assets Investment Management LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at about $12,367,000. Finally, Berkshire Capital Holdings Inc. grew its stake in MicroStrategy by 154,600.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 15,470 shares of the software maker’s stock worth $9,771,000 after buying an additional 15,460 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock traded down $18.10 during mid-day trading on Wednesday, hitting $1,302.09. The stock had a trading volume of 665,893 shares, compared to its average volume of 1,844,603. The firm has a market cap of $23.10 billion, a PE ratio of -194.34 and a beta of 3.11. The company’s 50-day simple moving average is $1,448.07 and its 200-day simple moving average is $1,141.03. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. MicroStrategy Incorporated has a fifty-two week low of $307.11 and a fifty-two week high of $1,999.99.

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

Insider Activity

In related news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $1,537.40, for a total transaction of $7,687,000.00. Following the transaction, the chairman now owns 994 shares of the company’s stock, valued at $1,528,175.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 30,856 shares of company stock valued at $42,901,781 in the last three months. 13.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSTR shares. Canaccord Genuity Group reduced their price objective on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating for the company in a research note on Monday, June 24th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Maxim Group raised shares of MicroStrategy to a “strong-buy” rating in a research report on Thursday, June 27th. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. Finally, TD Cowen raised their price target on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2,017.67.

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.