Indiana Trust & Investment Management Co Sells 100 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Indiana Trust & Investment Management Co trimmed its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150 shares of the software maker’s stock after selling 100 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in MicroStrategy were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSTR. Sanctuary Advisors LLC purchased a new stake in MicroStrategy in the second quarter worth $553,000. GAMMA Investing LLC increased its stake in MicroStrategy by 1,096.7% in the 3rd quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock worth $61,000 after buying an additional 329 shares during the period. CWM LLC lifted its holdings in MicroStrategy by 1,063.3% during the 3rd quarter. CWM LLC now owns 14,379 shares of the software maker’s stock valued at $2,424,000 after buying an additional 13,143 shares in the last quarter. UMB Bank n.a. lifted its holdings in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in MicroStrategy in the 3rd quarter valued at about $202,000. 59.84% of the stock is owned by institutional investors.

MicroStrategy Stock Down 4.5 %

MSTR stock opened at $319.46 on Wednesday. MicroStrategy Incorporated has a one year low of $65.02 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50-day simple moving average of $353.08 and a two-hundred day simple moving average of $258.97.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSTR. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Finally, TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

Insider Activity

In other news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,050 shares of company stock worth $9,689,930. Insiders own 9.16% 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.