The Manufacturers Life Insurance Company Acquires 5,560 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

The Manufacturers Life Insurance Company boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 204.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,279 shares of the software maker’s stock after buying an additional 5,560 shares during the period. The Manufacturers Life Insurance Company’s holdings in MicroStrategy were worth $1,396,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Dynamic Advisor Solutions LLC increased its stake in MicroStrategy by 113.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 740 shares of the software maker’s stock valued at $1,019,000 after acquiring an additional 393 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of MicroStrategy by 33.9% during the second quarter. Sequoia Financial Advisors LLC now owns 296 shares of the software maker’s stock valued at $408,000 after purchasing an additional 75 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in shares of MicroStrategy in the second quarter valued at $1,138,000. Cigna Investments Inc. New raised its stake in shares of MicroStrategy by 5.1% in the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after purchasing an additional 8 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in MicroStrategy by 33.8% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 408 shares of the software maker’s stock worth $562,000 after purchasing an additional 103 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’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 owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was 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 $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last quarter. 13.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSTR shares. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays increased 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. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Finally, Benchmark boosted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $377.32 on Wednesday. The company has a market cap of $76.46 billion, a price-to-earnings ratio of -179.08 and a beta of 3.17. MicroStrategy Incorporated has a fifty-two week low of $43.87 and a fifty-two week 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. The stock has a fifty day moving average price of $289.46 and a 200-day moving average price of $196.55.

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 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 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 prior year, the firm earned ($8.98) EPS. The business’s revenue was down 10.3% on a year-over-year basis.

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.