Allspring Global Investments Holdings LLC Boosts Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Allspring Global Investments Holdings LLC grew its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 820.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359 shares of the software maker’s stock after acquiring an additional 320 shares during the period. Allspring Global Investments Holdings LLC’s holdings in MicroStrategy were worth $61,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on MSTR. Canaccord Genuity Group raised their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein lowered their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Benchmark raised their price target on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Finally, BTIG Research raised their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.13.

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock worth $13,950,265 in the last ninety days. 13.18% of the stock is owned by insiders.

MicroStrategy Trading Up 13.2 %

MicroStrategy stock opened at $257.81 on Thursday. The firm’s 50-day moving average is $175.19 and its 200-day moving average is $155.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $267.89. The company has a market cap of $45.73 billion, a P/E ratio of -122.36 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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 business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

MicroStrategy Company 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.