Vestcor Inc Has $522,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Vestcor Inc boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 898.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,096 shares of the software maker’s stock after purchasing an additional 2,786 shares during the quarter. Vestcor Inc’s holdings in MicroStrategy were worth $522,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in MicroStrategy during the 3rd quarter worth approximately $737,000. Vinva Investment Management Ltd purchased a new stake in shares of MicroStrategy in the third quarter worth approximately $246,000. Hartline Investment Corp lifted its holdings in shares of MicroStrategy by 1,064.6% in the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after purchasing an additional 4,865 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of MicroStrategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock valued at $1,396,000 after buying an additional 5,560 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Benchmark raised their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, November 25th. BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Trading Up 4.2 %

Shares of MSTR stock opened at $408.67 on Friday. 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 firm has a market cap of $82.81 billion, a P/E ratio of -193.96 and a beta of 3.17. The company has a 50 day moving average of $303.61 and a 200-day moving average of $201.07. MicroStrategy Incorporated has a 12-month low of $43.87 and a 12-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 (EPS) 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 firm 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 business earned ($8.98) earnings per share. The business’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. Company 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.