Chesapeake Capital Corp IL Buys Shares of 1,030 MicroStrategy Incorporated (NASDAQ:MSTR)

Chesapeake Capital Corp IL purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,030 shares of the software maker’s stock, valued at approximately $651,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund boosted its stake in shares of MicroStrategy by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock worth $3,235,000 after buying an additional 366 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of MicroStrategy by 90.0% in the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after buying an additional 1,361 shares during the last quarter. Victory Capital Management Inc. raised its holdings in MicroStrategy by 39.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,180 shares of the software maker’s stock worth $1,377,000 after purchasing an additional 621 shares during the period. Main Street Financial Solutions LLC bought a new position in MicroStrategy in the 4th quarter worth $664,000. Finally, Beacon Pointe Advisors LLC bought a new position in MicroStrategy in the 4th quarter worth $379,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BTIG Research raised their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. TD Cowen decreased their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Canaccord Genuity Group decreased their target price on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Benchmark reaffirmed a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. Finally, StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,678.75.

Insider Activity

In other news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1,630.88, for a total transaction of $8,154,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. Insiders sold a total of 75,177 shares of company stock worth $98,587,511 over the last 90 days. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Price Performance

NASDAQ:MSTR traded up $140.77 on Friday, reaching $1,684.84. 1,206,856 shares of the company’s stock traded hands, compared to its average volume of 1,357,804. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a 50-day simple moving average of $1,439.23 and a 200-day simple moving average of $949.53. The firm has a market cap of $29.89 billion, a PE ratio of -251.47 and a beta of 3.00. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. The business had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

MicroStrategy 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.