MML Investors Services LLC grew its position in MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) by 22.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,092 shares of the software maker’s stock after buying an additional 1,322 shares during the period. MML Investors Services LLC owned approximately 0.06% of MicroStrategy worth $1,505,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. MetLife Investment Management LLC grew its holdings in shares of MicroStrategy by 71.6% in the 1st quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock valued at $2,421,000 after buying an additional 2,077 shares during the period. Rhumbline Advisers grew its holdings in shares of MicroStrategy by 11.1% in the 1st quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock valued at $5,257,000 after buying an additional 1,078 shares during the period. Blair William & Co. IL acquired a new position in shares of MicroStrategy in the 1st quarter valued at $235,000. Moors & Cabot Inc. grew its holdings in shares of MicroStrategy by 22.3% in the 1st quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock valued at $760,000 after buying an additional 285 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of MicroStrategy by 36.4% in the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after buying an additional 237,109 shares during the period. Institutional investors and hedge funds own 51.75% of the company’s stock.
Insiders Place Their Bets
In other MicroStrategy news, EVP Timothy Edwin Lang sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $266.76, for a total transaction of $8,002,800.00. Following the sale, the executive vice president now directly owns 2,882 shares of the company’s stock, valued at approximately $768,802.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.59% of the company’s stock.
MicroStrategy Trading Down 1.7 %
MicroStrategy (NASDAQ:MSTR – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The software maker reported ($20.51) EPS for the quarter, missing the consensus estimate of $0.53 by ($21.04). MicroStrategy had a negative return on equity of 6,099.02% and a negative net margin of 294.39%. The business had revenue of $132.55 million for the quarter, compared to the consensus estimate of $131.01 million. During the same period last year, the firm earned ($8.41) earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that MicroStrategy Incorporated will post 2.03 EPS for the current fiscal year.
Analyst Ratings Changes
MSTR has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of MicroStrategy from $140.00 to $110.00 in a research report on Thursday, December 29th. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $372.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 3rd.
MicroStrategy Profile
MicroStrategy, Inc engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle.
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