Van ECK Associates Corp Purchases 1,931 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Van ECK Associates Corp lifted its position in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 10.7% during the 3rd quarter, Holdings Channel reports. The firm owned 19,953 shares of the software maker’s stock after buying an additional 1,931 shares during the quarter. Van ECK Associates Corp’s holdings in MicroStrategy were worth $6,550,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GPS Wealth Strategies Group LLC bought a new stake in shares of MicroStrategy in the 3rd quarter worth about $37,000. C M Bidwell & Associates Ltd. bought a new stake in shares of MicroStrategy in the 2nd quarter worth about $40,000. NBC Securities Inc. bought a new stake in MicroStrategy during the 3rd quarter worth about $41,000. Macquarie Group Ltd. grew its holdings in MicroStrategy by 50.6% during the 2nd quarter. Macquarie Group Ltd. now owns 357 shares of the software maker’s stock worth $59,000 after acquiring an additional 120 shares during the last quarter. Finally, US Bancorp DE grew its holdings in MicroStrategy by 10.6% during the 2nd quarter. US Bancorp DE now owns 282 shares of the software maker’s stock worth $97,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 49.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MSTR. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $670.00 to $791.00 and gave the stock a “buy” rating in a report on Thursday, December 28th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Tuesday, January 9th. TheStreet raised shares of MicroStrategy from a “d+” rating to a “c-” rating in a report on Friday, November 17th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $607.75.

Read Our Latest Stock Analysis on MicroStrategy

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $500.88, for a total transaction of $250,440.00. Following the sale, the executive vice president now directly owns 453 shares in the company, valued at approximately $226,898.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MicroStrategy news, EVP Wei-Ming Shao sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $500.88, for a total transaction of $250,440.00. Following the sale, the executive vice president now directly owns 453 shares in the company, valued at approximately $226,898.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $453.35, for a total transaction of $2,266,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,100 shares of company stock worth $44,677,188. Company insiders own 20.79% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $646.32 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.75 and a current ratio of 0.83. The company has a market capitalization of $9.38 billion, a P/E ratio of 22.94 and a beta of 2.61. The company’s 50 day moving average price is $557.37 and its two-hundred day moving average price is $449.84. MicroStrategy Incorporated has a 52 week low of $188.30 and a 52 week high of $727.77.

About MicroStrategy

(Free Report)

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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