Van ECK Associates Corp Raises Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Van ECK Associates Corp raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 14.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,928 shares of the software maker’s stock after buying an additional 2,975 shares during the quarter. Van ECK Associates Corp’s holdings in MicroStrategy were worth $14,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Harvest Fund Management Co. Ltd boosted its position in shares of MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares during the period. GPS Wealth Strategies Group LLC bought a new position in MicroStrategy in the 3rd quarter valued at $37,000. Signaturefd LLC grew its position in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after purchasing an additional 29 shares in the last quarter. NBC Securities Inc. bought a new position in shares of MicroStrategy in the third quarter worth $41,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of MicroStrategy by 364.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 172 shares of the software maker’s stock worth $56,000 after purchasing an additional 135 shares during the period. 72.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSTR has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday, April 25th. BTIG Research boosted their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $1,678.75.

Insider Activity

In related news, Director Jarrod M. Patten sold 275 shares of MicroStrategy stock in a transaction on Friday, February 16th. The shares were sold at an average price of $722.34, for a total value of $198,643.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Wei-Ming Shao sold 350 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the sale, the executive vice president now directly owns 453 shares in the company, valued at approximately $322,227.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 275 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $722.34, for a total value of $198,643.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,452 shares of company stock valued at $117,637,097. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $1,028.27 on Thursday. The business’s 50-day moving average price is $1,370.28 and its 200-day moving average price is $825.64. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99. The company has a current ratio of 0.78, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

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.