MassMutual Private Wealth & Trust FSB Grows Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

MassMutual Private Wealth & Trust FSB raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,083 shares of the software maker’s stock after purchasing an additional 65 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in MicroStrategy were worth $603,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in shares of MicroStrategy by 20.8% during the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock valued at $2,890,000 after buying an additional 361 shares during the last quarter. Amalgamated Bank increased its stake in MicroStrategy by 72.3% in the 2nd quarter. Amalgamated Bank now owns 870 shares of the software maker’s stock worth $1,198,000 after purchasing an additional 365 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in MicroStrategy by 31.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 760 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 181 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of MicroStrategy during the second quarter valued at approximately $804,000. Finally, AE Wealth Management LLC bought a new position in shares of MicroStrategy in the second quarter worth approximately $603,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSTR. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Price Performance

Shares of MSTR stock opened at $389.10 on Wednesday. The business’s fifty day moving average is $365.64 and its 200 day moving average is $239.24. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $93.25 billion, a price-to-earnings ratio of -184.67 and a beta of 3.25. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00.

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

Insider Buying and Selling at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 9.16% 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.