MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by NBC Securities Inc.

NBC Securities Inc. trimmed its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 34.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82 shares of the software maker’s stock after selling 43 shares during the period. NBC Securities Inc.’s holdings in MicroStrategy were worth $139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSTR. Norges Bank acquired a new stake in shares of MicroStrategy during the 4th quarter worth $70,990,000. Vanguard Group Inc. boosted its position in MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after purchasing an additional 103,107 shares during the period. International Assets Investment Management LLC purchased a new stake in MicroStrategy during the 4th quarter worth $12,367,000. Berkshire Capital Holdings Inc. boosted its position in MicroStrategy by 154,600.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 15,470 shares of the software maker’s stock worth $9,771,000 after purchasing an additional 15,460 shares during the period. Finally, Hsbc Holdings PLC boosted its position in MicroStrategy by 181.2% during the 4th quarter. Hsbc Holdings PLC now owns 16,495 shares of the software maker’s stock worth $10,393,000 after purchasing an additional 10,630 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSTR. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. TD Cowen upped their price objective on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Benchmark reissued a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,098.40.

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,630.88, for a total transaction of $8,154,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 41,996 shares of company stock worth $61,475,247 over the last quarter. 13.18% of the stock is owned by company insiders.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $1,483.76 on Monday. The firm’s 50-day simple moving average is $1,425.51 and its 200-day simple moving average is $1,098.41. 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 1 year low of $301.08 and a 1 year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The company had revenue of $115.25 million during the quarter, compared to analyst estimates 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.