MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners reduced its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 79.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88 shares of the software maker’s stock after selling 332 shares during the quarter. Coston McIsaac & Partners’ holdings in MicroStrategy were worth $150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors increased its stake in MicroStrategy by 0.3% during the 4th quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock worth $984,631,000 after buying an additional 4,858 shares during the period. Vanguard Group Inc. grew its stake in MicroStrategy by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock worth $727,612,000 after purchasing an additional 24,997 shares in the last quarter. Norges Bank purchased a new stake in MicroStrategy during the 4th quarter worth about $70,990,000. Northern Trust Corp raised its position in MicroStrategy by 2.1% in the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of MicroStrategy by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after buying an additional 6,272 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

NASDAQ MSTR traded down $147.92 during trading hours on Friday, hitting $1,377.48. The company had a trading volume of 3,411,349 shares, compared to its average volume of 1,185,935. The business has a 50 day moving average of $1,446.88 and a 200-day moving average of $1,125.30. The company has a market cap of $24.43 billion, a PE ratio of -205.59 and a beta of 3.08. MicroStrategy Incorporated has a 1-year low of $307.11 and a 1-year high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The firm had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSTR shares. TD Cowen lifted their price target on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. BTIG Research lifted their price objective 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. Canaccord Genuity Group dropped their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Benchmark reaffirmed a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,017.67.

Insider Transactions at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $1,201.07, for a total value of $6,005,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 40,856 shares of company stock worth $59,250,731. Insiders own 13.18% of the company’s stock.

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.