Banque Cantonale Vaudoise Buys Shares of 266 MicroStrategy Incorporated (NASDAQ:MSTR)

Banque Cantonale Vaudoise purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 266 shares of the software maker’s stock, valued at approximately $181,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSTR. Grandview Asset Management LLC purchased a new position in shares of MicroStrategy during the 1st quarter valued at $25,000. Veriti Management LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at $27,000. Total Clarity Wealth Management Inc. purchased a new position in MicroStrategy in the first quarter worth $27,000. Parallel Advisors LLC grew its position in MicroStrategy by 102.7% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the software maker’s stock worth $29,000 after acquiring an additional 38 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in MicroStrategy in the first quarter worth $31,000. Hedge funds and other institutional investors own 57.57% of the company’s stock.

In other news, CFO Phong Le sold 10,000 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $775.86, for a total transaction of $7,758,600.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $7,758,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 25.85% of the company’s stock.

MSTR has been the subject of several research reports. Jefferies Financial Group cut their target price on shares of MicroStrategy from $700.00 to $540.00 and set a “hold” rating for the company in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 5th. BTIG Research initiated coverage on shares of MicroStrategy in a research report on Thursday, April 1st. They issued a “buy” rating for the company. William Blair assumed coverage on shares of MicroStrategy in a research report on Tuesday, May 4th. They issued an “outperform” rating for the company. Finally, Citigroup boosted their price target on shares of MicroStrategy from $325.00 to $450.00 in a research note on Monday, May 3rd. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. MicroStrategy currently has a consensus rating of “Hold” and an average price target of $439.25.

MicroStrategy stock opened at $508.65 on Friday. The company has a market capitalization of $4.88 billion, a P/E ratio of -41.49 and a beta of 1.42. The stock has a fifty day simple moving average of $586.27. The company has a debt-to-equity ratio of 4.55, a current ratio of 0.88 and a quick ratio of 0.88. MicroStrategy Incorporated has a twelve month low of $113.55 and a twelve month high of $1,315.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, April 29th. The software maker reported $1.05 EPS for the quarter, beating the consensus estimate of ($0.68) by $1.73. The firm had revenue of $122.90 million during the quarter, compared to the consensus estimate of $104.80 million. MicroStrategy had a negative net margin of 24.01% and a positive return on equity of 11.13%. As a group, analysts predict that MicroStrategy Incorporated will post 4.07 earnings per share for the current year.

MicroStrategy Profile

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy 2021, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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