Thrivent Financial for Lutherans Buys 5,069 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Thrivent Financial for Lutherans raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,486.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,410 shares of the software maker’s stock after purchasing an additional 5,069 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MicroStrategy were worth $912,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in MicroStrategy in the third quarter worth $27,000. ST Germain D J Co. Inc. grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. Finally, Fairman Group LLC increased its position in MicroStrategy by 900.0% in the 3rd quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after acquiring an additional 180 shares in the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Trading Down 1.9 %

Shares of NASDAQ:MSTR opened at $380.30 on Tuesday. The company’s fifty day simple moving average is $258.37 and its 200 day simple moving average is $185.59. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $543.00. The firm has a market cap of $77.06 billion, a price-to-earnings ratio of -183.90 and a beta of 3.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the company posted ($8.98) earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In other 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 transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last quarter. 13.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSTR has been the subject of several research reports. Benchmark lifted their target price on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average 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.