Franklin Resources Inc. Buys 164 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Franklin Resources Inc. grew its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 12.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,484 shares of the software maker’s stock after buying an additional 164 shares during the period. Franklin Resources Inc.’s holdings in MicroStrategy were worth $937,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CWM LLC boosted its holdings in shares of MicroStrategy by 7.3% during the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after buying an additional 27 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of MicroStrategy by 85.3% during the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after buying an additional 29 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after buying an additional 40 shares in the last quarter. MTM Investment Management LLC boosted its holdings in shares of MicroStrategy by 4.2% during the 4th quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker’s stock worth $649,000 after buying an additional 41 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $31,000. 72.03% of the stock is currently owned by institutional investors.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 1,600 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,785.98, for a total value of $2,857,568.00. Following the completion of the sale, the chairman now directly owns 3,150 shares of the company’s stock, valued at approximately $5,625,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Michael J. Saylor sold 1,600 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,785.98, for a total transaction of $2,857,568.00. Following the completion of the sale, the chairman now directly owns 3,150 shares of the company’s stock, valued at approximately $5,625,837. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 3,675 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. In the last three months, insiders sold 52,364 shares of company stock valued at $78,474,756. 13.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a report on Thursday, April 25th. Canaccord Genuity Group upped their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. BTIG Research upped their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. StockNews.com raised MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, TD Cowen lowered their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $1,793.00.

View Our Latest Report on MicroStrategy

MicroStrategy Trading Down 2.2 %

NASDAQ MSTR opened at $1,656.63 on Friday. The firm has a market capitalization of $29.38 billion, a P/E ratio of -247.26 and a beta of 3.08. The business has a fifty day simple moving average of $1,433.55 and a 200 day simple moving average of $1,014.07. MicroStrategy Incorporated has a 12 month low of $266.00 and a 12 month high of $1,999.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTRGet Free Report) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. The company had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

About MicroStrategy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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