Asset Management One Co. Ltd. Has $9.49 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Asset Management One Co. Ltd. lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 895.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,282 shares of the software maker’s stock after purchasing an additional 50,629 shares during the quarter. Asset Management One Co. Ltd.’s holdings in MicroStrategy were worth $9,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MSTR. UMB Bank n.a. raised its position in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the period. Fairman Group LLC grew its stake in shares of MicroStrategy by 900.0% during the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock worth $34,000 after purchasing an additional 180 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in MicroStrategy by 900.0% in the third quarter. Rosenberg Matthew Hamilton now owns 210 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of a number of research analyst reports. Benchmark boosted their target price on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen boosted their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research upped their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. 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 data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Stock Up 5.0 %

Shares of MSTR opened at $270.81 on Friday. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $280.80. The stock has a market capitalization of $48.03 billion, a price-to-earnings ratio of -128.53 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. The stock has a fifty day moving average of $180.47 and a 200-day moving average of $157.04.

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

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock valued at $13,950,265 in the last three months. 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.