Rakuten Securities Inc. Has $5.78 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Rakuten Securities Inc. raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,028.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,271 shares of the software maker’s stock after acquiring an additional 31,235 shares during the quarter. MicroStrategy makes up about 2.5% of Rakuten Securities Inc.’s investment portfolio, making the stock its 7th biggest position. Rakuten Securities Inc.’s holdings in MicroStrategy were worth $5,778,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy during the 2nd quarter valued at about $37,000. GAMMA Investing LLC raised its holdings in shares of MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy during the 1st quarter valued at approximately $58,000. Signaturefd LLC increased its position in MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy during the second quarter valued at $106,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,788 shares of company stock valued at $29,895,333. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Trading Up 25.7 %

MSTR stock opened at $340.00 on Tuesday. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $351.73. The firm’s 50-day moving average is $187.38 and its 200 day moving average is $159.91. The company has a market capitalization of $68.90 billion, a PE ratio of -161.37 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results 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 company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business posted ($8.98) earnings per share.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MSTR shares. TD Cowen upped their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research upped their price objective on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, Benchmark increased their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $271.13.

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.