MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Raised by Corebridge Financial Inc.

Corebridge Financial Inc. lifted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 926.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,164 shares of the software maker’s stock after purchasing an additional 11,882 shares during the period. Corebridge Financial Inc.’s holdings in MicroStrategy were worth $3,813,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MSTR. Dillon & Associates Inc. purchased a new stake in MicroStrategy during the fourth quarter valued at about $307,000. Horrell Capital Management Inc. acquired a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $31,000. Blueprint Investment Partners LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $636,000. Optimum Investment Advisors acquired a new position in MicroStrategy in the 4th quarter worth approximately $58,000. Finally, KLP Kapitalforvaltning AS purchased a new position in MicroStrategy during the 4th quarter worth approximately $17,696,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 481 shares of MicroStrategy stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MSTR shares. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Finally, Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Down 10.8 %

MSTR stock opened at $289.41 on Monday. The firm has a market cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a fifty day simple moving average of $313.64 and a 200 day simple moving average of $296.05. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

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.