Rakuten Securities Inc. Makes New $129,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Rakuten Securities Inc. purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 205 shares of the software maker’s stock, valued at approximately $129,000.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in MicroStrategy by 10.1% during the third 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 in the last quarter. Capital World Investors lifted its stake in MicroStrategy by 5.9% during the first quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock worth $302,949,000 after purchasing an additional 34,945 shares in the last quarter. First Trust Advisors LP lifted its stake in MicroStrategy by 31.9% during the first quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock worth $110,297,000 after purchasing an additional 54,911 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MicroStrategy by 7.1% in the first quarter. Geode Capital Management LLC now owns 189,923 shares of the software maker’s stock valued at $55,518,000 after acquiring an additional 12,613 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of MicroStrategy by 2.1% in the third quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after acquiring an additional 2,248 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 5.3 %

MicroStrategy stock opened at $1,188.05 on Thursday. The stock’s fifty day moving average is $1,271.04 and its two-hundred day moving average is $764.56. The stock has a market cap of $20.16 billion, a PE ratio of 42.16 and a beta of 2.89. MicroStrategy Incorporated has a 1-year low of $266.00 and a 1-year high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The company had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insiders Place Their Bets

In related news, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at $512,437.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Andrew Kang sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the transaction, the chief financial officer now owns 873 shares of the company’s stock, valued at $759,780.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the transaction, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,251 shares of company stock valued at $113,311,032. 20.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSTR. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. TD Cowen reduced their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. BTIG Research increased their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Benchmark increased their price objective on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $1,473.00.

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.