Empowered Funds LLC Makes New $440,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Empowered Funds LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,610 shares of the software maker’s stock, valued at approximately $440,000.

Several other hedge funds also recently modified their holdings of MSTR. Sumitomo Mitsui Trust Group Inc. raised its position in MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares during the last quarter. National Pension Service raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares during the last quarter. International Assets Investment Management LLC raised its holdings in MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after buying an additional 238,463 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in MicroStrategy by 827.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock worth $38,025,000 after buying an additional 201,210 shares during the period. Finally, Yong Rong HK Asset Management Ltd bought a new stake in MicroStrategy during the 3rd quarter worth approximately $35,558,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were 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 approximately $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,000 shares of company stock valued at $23,231,977 in the last 90 days. 13.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Benchmark increased their price target on MicroStrategy from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein cut their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Cantor Fitzgerald initiated 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. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $331.13.

MicroStrategy Price Performance

Shares of MSTR opened at $421.88 on Monday. The firm has a market cap of $85.49 billion, a PE ratio of -200.23 and a beta of 3.05. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-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 business’s 50 day moving average price is $233.68 and its two-hundred day moving average price is $176.63.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($8.98) earnings per share.

MicroStrategy Company 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.