American International Group Inc. Grows Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

American International Group Inc. boosted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,072 shares of the software maker’s stock after buying an additional 553 shares during the period. American International Group Inc.’s holdings in MicroStrategy were worth $3,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSTR. Capital International Investors grew its holdings in shares of MicroStrategy by 0.3% during the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock worth $984,631,000 after purchasing an additional 4,858 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after buying an additional 103,107 shares in the last quarter. Norges Bank bought a new stake in shares of MicroStrategy during the 4th quarter worth $70,990,000. Northern Trust Corp grew its position in MicroStrategy by 2.1% in the third quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock worth $35,479,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in MicroStrategy by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock valued at $63,130,000 after acquiring an additional 6,272 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $1,483.76 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. MicroStrategy Incorporated has a fifty-two week low of $301.08 and a fifty-two week high of $1,999.99. The business has a 50 day moving average price of $1,425.51 and a 200-day moving average price of $1,098.41. The firm has a market cap of $26.32 billion, a PE ratio of -221.46 and a beta of 3.08.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The firm had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million.

Insider Buying and Selling

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 41,996 shares of company stock valued at $61,475,247 over the last ninety days. 13.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSTR shares. TD Cowen upped their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. BTIG Research boosted their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,098.40.

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.