CIBC Asset Management Inc Has $11.27 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

CIBC Asset Management Inc raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 796.3% during the fourth quarter, HoldingsChannel reports. The firm owned 38,900 shares of the software maker’s stock after acquiring an additional 34,560 shares during the quarter. CIBC Asset Management Inc’s holdings in MicroStrategy were worth $11,266,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MSTR. Private Wealth Management Group LLC boosted its holdings in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $32,000. Activest Wealth Management acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $33,000. SOA Wealth Advisors LLC. acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $37,000. Finally, Game Plan Financial Advisors LLC acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

MSTR stock opened at $333.99 on Wednesday. The stock has a 50-day moving average price of $347.70 and a 200-day moving average price of $265.13. MicroStrategy Incorporated has a 1-year low of $66.43 and a 1-year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $80.04 billion, a PE ratio of -59.29 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.