Thrivent Financial for Lutherans Purchases 6,384 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Thrivent Financial for Lutherans lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 118.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,794 shares of the software maker’s stock after acquiring an additional 6,384 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MicroStrategy were worth $3,688,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSTR. Geode Capital Management LLC boosted its position in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares in the last quarter. Amundi boosted its holdings in MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after buying an additional 413,028 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in MicroStrategy in the 4th quarter valued at approximately $81,783,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le bought 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang bought 1,500 shares of the stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 8,000 shares of company stock valued at $680,000. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

MicroStrategy stock opened at $341.81 on Wednesday. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $87.97 billion, a P/E ratio of -60.68 and a beta of 3.36. The firm’s fifty day moving average price is $317.25 and its 200-day moving average price is $292.11.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent research reports. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They set a “neutral” rating for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $536.90.

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.