MicroStrategy Incorporated (NASDAQ:MSTR) Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 924.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,905 shares of the software maker’s stock after purchasing an additional 174,069 shares during the quarter. MicroStrategy accounts for 0.5% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 22nd largest position. Horizon Kinetics Asset Management LLC’s holdings in MicroStrategy were worth $32,524,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after buying an additional 567,628 shares in the last quarter. Swiss National Bank increased its position in shares of MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after acquiring an additional 421,600 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after acquiring an additional 314,007 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after purchasing an additional 238,463 shares during the last quarter. Finally, National Pension Service grew its stake in MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 220,500 shares in the last quarter. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 3.9 %

Shares of NASDAQ:MSTR opened at $438.25 on Monday. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $88.81 billion, a P/E ratio of -208.00 and a beta of 3.05. The company has a 50 day moving average of $233.68 and a 200-day moving average of $176.63.

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 firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company earned ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSTR. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein lifted their price target on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen raised their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $451.13.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 approximately $3,106,372. This represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,000 shares of company stock valued at $23,231,977. 13.18% of the stock is owned by insiders.

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.