Harvest Fund Management Co. Ltd Has $77,000 Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Harvest Fund Management Co. Ltd grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 101.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 456 shares of the software maker’s stock after acquiring an additional 230 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in MicroStrategy were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its holdings in shares of MicroStrategy by 897.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,478 shares of the software maker’s stock valued at $2,441,000 after purchasing an additional 13,027 shares during the last quarter. Centaurus Financial Inc. boosted its position in MicroStrategy by 1,565.6% in the third quarter. Centaurus Financial Inc. now owns 2,032 shares of the software maker’s stock valued at $343,000 after buying an additional 1,910 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of MicroStrategy by 2,051.9% during the third quarter. Larson Financial Group LLC now owns 1,743 shares of the software maker’s stock worth $294,000 after buying an additional 1,662 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of MicroStrategy by 1,006.8% during the third quarter. Penserra Capital Management LLC now owns 35,383 shares of the software maker’s stock worth $5,964,000 after buying an additional 32,186 shares in the last quarter. Finally, Family Capital Management Inc. lifted its stake in shares of MicroStrategy by 898.7% in the 3rd quarter. Family Capital Management Inc. now owns 6,661 shares of the software maker’s stock valued at $1,123,000 after acquiring an additional 5,994 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred 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 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. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last ninety days. 13.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MSTR shares. Sanford C. Bernstein upped their target price on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. Barclays upped their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday. BTIG Research lifted their target price 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. Maxim Group upped 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. Finally, Benchmark lifted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Up 9.9 %

Shares of NASDAQ MSTR opened at $388.84 on Thursday. The company’s 50 day moving average price is $243.51 and its 200-day moving average price is $180.24. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The company has a market capitalization of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05.

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 the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm earned ($8.98) EPS. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis.

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.