FORA Capital LLC Acquires 45,584 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

FORA Capital LLC increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1,198.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,389 shares of the software maker’s stock after acquiring an additional 45,584 shares during the quarter. MicroStrategy comprises 1.0% of FORA Capital LLC’s portfolio, making the stock its 18th biggest holding. FORA Capital LLC’s holdings in MicroStrategy were worth $8,327,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSTR. Charles Schwab Investment Management Inc. lifted its position in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares during the last quarter. Swiss National Bank lifted its holdings in 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 last quarter. Sumitomo Mitsui Trust Group Inc. lifted 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 worth $57,857,000 after purchasing an additional 314,007 shares during the last quarter. International Assets Investment Management LLC boosted its stake 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 valued at $40,223,000 after purchasing an additional 238,463 shares during the period. Finally, National Pension Service grew its holdings in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Benchmark raised their price objective on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $479.25.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the business’s 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 sale, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by insiders.

MicroStrategy Price Performance

MSTR traded up $28.24 during trading on Wednesday, hitting $381.93. 11,344,235 shares of the stock traded hands, compared to its average volume of 18,342,980. The business has a 50 day moving average price of $239.06 and a 200 day moving average price of $178.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. The company has a market cap of $77.39 billion, a price-to-earnings ratio of -182.96 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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 business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($8.98) EPS.

MicroStrategy 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.