MicroStrategy Incorporated (NASDAQ:MSTR) Stake Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,486.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,410 shares of the software maker’s stock after acquiring an additional 5,069 shares during the period. Thrivent Financial for Lutherans’ holdings in MicroStrategy were worth $912,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MSTR. US Bancorp DE boosted its position in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares during the period. Hartline Investment Corp lifted its stake in MicroStrategy by 1,064.6% in the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after acquiring an additional 4,865 shares in the last quarter. National Pension Service boosted its position in MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after acquiring an additional 220,500 shares during the period. Janney Montgomery Scott LLC grew its stake in MicroStrategy by 848.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock valued at $6,239,000 after acquiring an additional 33,105 shares in the last quarter. Finally, Chesapeake Capital Corp IL increased its holdings in shares of MicroStrategy by 1,211.1% in the 3rd quarter. Chesapeake Capital Corp IL now owns 4,733 shares of the software maker’s stock valued at $834,000 after purchasing an additional 4,372 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 in the last ninety days. 13.18% of the stock is currently owned by insiders.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $380.30 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm’s fifty day simple moving average is $258.37 and its 200 day simple moving average is $185.59. The firm has a market capitalization of $77.06 billion, a PE ratio of -183.90 and a beta of 3.05. MicroStrategy Incorporated has a 1 year low of $43.87 and a 1 year high of $543.00.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSTR shares. Benchmark lifted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Sanford C. Bernstein raised their price target on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Maxim Group boosted their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group raised their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, TD Cowen increased their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

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.