Daiwa Securities Group Inc. Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Daiwa Securities Group Inc. boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 897.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,478 shares of the software maker’s stock after purchasing an additional 13,027 shares during the period. Daiwa Securities Group Inc.’s holdings in MicroStrategy were worth $2,441,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MSTR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC grew its stake in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares during the last quarter. Signaturefd LLC increased its holdings in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MicroStrategy during the second quarter worth approximately $106,000. Finally, Larson Financial Group LLC lifted its holdings in shares of MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after purchasing an additional 34 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price Performance

MSTR stock opened at $388.84 on Thursday. The firm has a 50 day moving average of $243.51 and a 200-day moving average of $180.24. The company has a market cap of $78.79 billion, a price-to-earnings ratio of -184.55 and a beta of 3.05. 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 $43.87 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last 90 days. 13.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSTR. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein raised their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

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.