Korea Investment CORP Acquires 49,936 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Korea Investment CORP raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 144.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,416 shares of the software maker’s stock after purchasing an additional 49,936 shares during the period. Korea Investment CORP’s holdings in MicroStrategy were worth $24,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSTR. Geode Capital Management LLC lifted its position in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Amundi increased its position in MicroStrategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after buying an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in MicroStrategy during the fourth quarter valued at $81,783,000. Finally, Virtu Financial LLC boosted its holdings in MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after acquiring an additional 222,109 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSTR shares. Monness Crespi & Hardt assumed coverage on MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Price Performance

NASDAQ MSTR opened at $289.41 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The stock has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. The business’s fifty day moving average price is $313.64 and its 200-day moving average price is $293.74.

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 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%.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le acquired 6,000 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by insiders.

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.