KBC Group NV Has $12.14 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

KBC Group NV cut its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 66.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,924 shares of the software maker’s stock after selling 83,452 shares during the period. KBC Group NV’s holdings in MicroStrategy were worth $12,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in MicroStrategy by 8,593.5% in the fourth quarter. Blue Trust Inc. now owns 2,695 shares of the software maker’s stock valued at $781,000 after acquiring an additional 2,664 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of MicroStrategy by 21.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 53,838 shares of the software maker’s stock valued at $15,593,000 after purchasing an additional 9,438 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at $900,000. Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of MicroStrategy by 136.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 378 shares of the software maker’s stock valued at $109,000 after purchasing an additional 218 shares during the last quarter. Finally, Drive Wealth Management LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth $314,000. 59.84% of the stock is currently owned by institutional investors.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Up 1.6 %

Shares of MSTR opened at $341.25 on Thursday. The company has a market capitalization of $81.78 billion, a PE ratio of -161.96 and a beta of 3.25. The stock’s 50-day moving average price is $362.51 and its two-hundred day moving average price is $247.80. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12 month low of $46.75 and a 12 month high of $543.00.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on MSTR shares. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Mizuho began coverage on shares of MicroStrategy in a research report on Wednesday. They issued an “outperform” rating and a $515.00 target price on the stock. TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy 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.