Rakuten Securities Inc. Acquires New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Rakuten Securities Inc. acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 205 shares of the software maker’s stock, valued at approximately $129,000.

A number of other hedge funds have also made changes to their positions in the stock. Kingsview Wealth Management LLC increased its stake in shares of MicroStrategy by 4.5% during the third quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker’s stock valued at $298,000 after acquiring an additional 39 shares during the period. MTM Investment Management LLC increased its stake in shares of MicroStrategy by 4.2% during the fourth quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker’s stock valued at $649,000 after acquiring an additional 41 shares during the period. IFP Advisors Inc increased its stake in shares of MicroStrategy by 2.9% during the third quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock valued at $497,000 after acquiring an additional 42 shares during the period. Arizona State Retirement System increased its stake in shares of MicroStrategy by 1.5% during the third quarter. Arizona State Retirement System now owns 3,130 shares of the software maker’s stock valued at $1,028,000 after acquiring an additional 47 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of MicroStrategy by 1.1% during the third quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker’s stock valued at $1,561,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. BTIG Research lifted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Benchmark lifted their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,473.00.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 350 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $711.32, for a total value of $248,962.00. Following the completion of the transaction, the executive vice president now owns 453 shares of the company’s stock, valued at approximately $322,227.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the sale, the executive vice president now owns 453 shares of the company’s stock, valued at approximately $322,227.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael J. Saylor sold 1,140 shares of MicroStrategy stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the sale, the chairman now directly owns 1,140 shares of the company’s stock, valued at approximately $2,224,516.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,251 shares of company stock valued at $113,311,032. Company insiders own 20.79% of the company’s stock.

MicroStrategy Trading Down 5.3 %

MicroStrategy stock opened at $1,188.05 on Thursday. The company has a 50 day moving average price of $1,271.04 and a 200 day moving average price of $764.56. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $20.16 billion, a price-to-earnings ratio of 42.16 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The firm had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million.

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.