Sei Investments Co. Buys 3,376 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Sei Investments Co. boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 39.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,972 shares of the software maker’s stock after purchasing an additional 3,376 shares during the period. Sei Investments Co.’s holdings in MicroStrategy were worth $3,468,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of MicroStrategy during the 3rd quarter worth about $1,040,000. The Manufacturers Life Insurance Company increased its position in MicroStrategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock worth $1,396,000 after buying an additional 5,560 shares during the last quarter. MetLife Investment Management LLC raised its stake in MicroStrategy by 876.1% in the third quarter. MetLife Investment Management LLC now owns 3,192 shares of the software maker’s stock valued at $538,000 after buying an additional 2,865 shares during the period. Captrust Financial Advisors raised its stake in MicroStrategy by 1,038.7% in the third quarter. Captrust Financial Advisors now owns 4,771 shares of the software maker’s stock valued at $804,000 after buying an additional 4,352 shares during the period. Finally, Edgestream Partners L.P. lifted its position in shares of MicroStrategy by 766.8% in the third quarter. Edgestream Partners L.P. now owns 4,074 shares of the software maker’s stock valued at $687,000 after buying an additional 3,604 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSTR shares. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Monness Crespi & Hardt downgraded MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $508.09.

Insider Activity

In other MicroStrategy news, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

MicroStrategy Stock Down 9.7 %

Shares of MSTR opened at $282.28 on Friday. The firm has a 50 day simple moving average of $306.70 and a two-hundred day simple moving average of $298.31. The company has a market cap of $72.65 billion, a P/E ratio of -50.11 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.