Nationwide Fund Advisors cut its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 24.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,920 shares of the software maker’s stock after selling 5,565 shares during the period. Nationwide Fund Advisors owned approximately 0.15% of MicroStrategy worth $3,178,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MSTR. Elkfork Partners LLC bought a new stake in MicroStrategy during the fourth quarter valued at approximately $121,000. Pacad Investment Ltd. purchased a new position in shares of MicroStrategy during the fourth quarter worth $158,000. Creative Planning boosted its position in shares of MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock worth $195,000 after buying an additional 20 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of MicroStrategy by 9.2% in the third quarter. Suntrust Banks Inc. now owns 1,651 shares of the software maker’s stock worth $276,000 after buying an additional 139 shares in the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.
Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 0.12% on Monday, hitting $182.39. The stock had a trading volume of 39,190 shares. MicroStrategy Incorporated has a 1-year low of $161.90 and a 1-year high of $207.28. The stock has a market cap of $2.09 billion, a P/E ratio of 23.02 and a beta of 0.95. The firm’s 50-day moving average is $185.17 and its 200 day moving average is $191.52.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, April 27th. The software maker reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by $0.41. MicroStrategy had a net margin of 17.81% and a return on equity of 17.15%. The company had revenue of $120.60 million during the quarter, compared to analyst estimates of $122.14 million. During the same period in the prior year, the firm posted $1.24 EPS. MicroStrategy’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that MicroStrategy Incorporated will post $7.28 EPS for the current year.
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MSTR has been the topic of a number of analyst reports. Zacks Investment Research raised MicroStrategy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Benchmark Co. began coverage on MicroStrategy in a research note on Thursday, April 27th. They issued a “hold” rating on the stock. Finally, Mizuho reaffirmed a “buy” rating and issued a $220.00 price objective on shares of MicroStrategy in a research note on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $217.67.
In related news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $183.54, for a total transaction of $440,496.00. Following the completion of the transaction, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.80% of the company’s stock.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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