MTM Investment Management LLC Increases Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

MTM Investment Management LLC boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 839.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,840 shares of the software maker’s stock after buying an additional 8,793 shares during the period. MTM Investment Management LLC’s holdings in MicroStrategy were worth $1,737,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its position in MicroStrategy by 14.9% during the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after acquiring an additional 232,667 shares during the last quarter. Swiss National Bank boosted its stake in shares of MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares during the last quarter. National Pension Service raised its position in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after purchasing an additional 220,500 shares during the period. Finally, International Assets Investment Management LLC raised its position in MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after purchasing an additional 238,463 shares during the period. 72.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Benchmark boosted their target price on MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays boosted their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.88.

MicroStrategy Price Performance

Shares of MSTR stock opened at $430.54 on Wednesday. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $449.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $216.04 and a two-hundred day simple moving average of $170.24. The stock has a market capitalization of $87.24 billion, a price-to-earnings ratio of -204.34 and a beta of 3.05.

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

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,000 shares of company stock valued at $30,569,577. Company insiders own 13.18% of the company’s stock.

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.