Healthcare of Ontario Pension Plan Trust Fund Makes New $13.49 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter, Holdings Channel.com reports. The firm purchased 80,000 shares of the software maker’s stock, valued at approximately $13,488,000.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of MicroStrategy in the second quarter valued at $37,000. GAMMA Investing LLC boosted its position in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Signaturefd LLC boosted its position in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy during the 2nd quarter valued at about $106,000. Finally, Larson Financial Group LLC lifted its position in shares of MicroStrategy by 72.3% in the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR opened at $388.84 on Friday. The company’s fifty day moving average is $248.63 and its 200-day moving average is $181.70. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. 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 (NASDAQ:MSTR) last posted 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 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 business posted ($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 the firm’s stock in a transaction 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 transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Phong Le sold 1,252 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. 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. 13.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Barclays boosted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein boosted their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

About MicroStrategy

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.