Victory Capital Management Inc. Has $9.75 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Victory Capital Management Inc. increased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 894.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 57,830 shares of the software maker’s stock after purchasing an additional 52,016 shares during the quarter. Victory Capital Management Inc.’s holdings in MicroStrategy were worth $9,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MSTR. Sei Investments Co. lifted its holdings in MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock worth $980,000 after purchasing an additional 153 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in MicroStrategy during the 1st quarter worth approximately $309,000. O Shaughnessy Asset Management LLC lifted its holdings in MicroStrategy by 23.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker’s stock worth $1,227,000 after purchasing an additional 136 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in MicroStrategy by 19.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock worth $2,343,000 after purchasing an additional 225 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in MicroStrategy during the 1st quarter worth approximately $426,000. 72.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark raised their price objective on MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen raised their price objective on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their price objective on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Sanford C. Bernstein lowered their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $331.13.

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated 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 directly 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 82,000 shares of company stock worth $23,231,977 in the last 90 days. Insiders own 13.18% of the company’s stock.

MicroStrategy Trading Down 18.2 %

Shares of MSTR opened at $387.50 on Friday. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00. The business’s fifty day moving average is $228.07 and its 200-day moving average is $173.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $78.52 billion, a price-to-earnings ratio of -183.65 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($8.98) EPS.

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.