Heritage Investors Management Corp Has $2.01 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Heritage Investors Management Corp trimmed its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 3,186 shares of the software maker’s stock after selling 28 shares during the period. Heritage Investors Management Corp’s holdings in MicroStrategy were worth $2,012,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of MicroStrategy by 12.3% in the third quarter. Commonwealth Equity Services LLC now owns 13,230 shares of the software maker’s stock valued at $4,343,000 after purchasing an additional 1,454 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in MicroStrategy by 3.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,674 shares of the software maker’s stock valued at $878,000 after acquiring an additional 99 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in MicroStrategy by 37.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 959 shares of the software maker’s stock worth $315,000 after acquiring an additional 263 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MicroStrategy by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,694 shares of the software maker’s stock worth $556,000 after acquiring an additional 171 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of MicroStrategy by 28.6% in the third quarter. Strs Ohio now owns 900 shares of the software maker’s stock valued at $295,000 after purchasing an additional 200 shares during the last quarter. 72.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MSTR shares. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. BTIG Research lifted their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. TD Cowen reduced their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. Benchmark reiterated a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $1,678.75.

MicroStrategy Stock Performance

MSTR stock traded up $30.52 during midday trading on Thursday, reaching $1,263.64. 1,023,661 shares of the company were exchanged, compared to its average volume of 2,068,573. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of -188.60 and a beta of 3.00. The business has a 50-day moving average price of $1,418.99 and a two-hundred day moving average price of $858.04. MicroStrategy Incorporated has a one year low of $266.00 and a one year high of $1,999.99. 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 (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The firm had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the transaction, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Michael J. Saylor sold 1,140 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the completion of the sale, the chairman now owns 1,140 shares of the company’s stock, valued at approximately $2,224,516.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at $512,437.80. The disclosure for this sale can be found here. Insiders have sold a total of 92,452 shares of company stock valued at $110,218,847 in the last ninety days. 13.18% of the stock is currently owned by corporate insiders.

MicroStrategy Company 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.