MicroStrategy Incorporated (NASDAQ:MSTR) Stock Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in MicroStrategy Incorporated (NASDAQ:MSTRFree Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,160 shares of the software maker’s stock after selling 146 shares during the period. Principal Financial Group Inc.’s holdings in MicroStrategy were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSTR. MRP Capital Investments LLC raised its position in shares of MicroStrategy by 278.1% during the third quarter. MRP Capital Investments LLC now owns 5,426 shares of the software maker’s stock worth $1,781,000 after purchasing an additional 3,991 shares during the period. Ingalls & Snyder LLC acquired a new position in shares of MicroStrategy in the third quarter worth about $286,000. Fifth Third Bancorp increased its position in shares of MicroStrategy by 168.1% in the third quarter. Fifth Third Bancorp now owns 3,662 shares of the software maker’s stock worth $1,202,000 after acquiring an additional 2,296 shares in the last quarter. GSG Advisors LLC acquired a new stake in shares of MicroStrategy during the third quarter valued at approximately $328,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of MicroStrategy by 20.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 739 shares of the software maker’s stock valued at $243,000 after acquiring an additional 128 shares in the last quarter. 49.44% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $717.52 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.75 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $560.45 and its 200 day simple moving average is $451.93. The firm has a market capitalization of $10.42 billion, a PE ratio of 25.46 and a beta of 2.61. MicroStrategy Incorporated has a 1 year low of $188.30 and a 1 year high of $727.77.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 1,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $507.51, for a total transaction of $507,510.00. Following the sale, the executive vice president now owns 453 shares in the company, valued at $229,902.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Wei-Ming Shao sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $507.51, for a total value of $507,510.00. Following the completion of the transaction, the executive vice president now directly owns 453 shares in the company, valued at approximately $229,902.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $634.03, for a total value of $3,170,150.00. The disclosure for this sale can be found here. In the last three months, insiders sold 90,100 shares of company stock valued at $47,847,338. Company insiders own 22.59% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of research analyst reports. TheStreet upgraded MicroStrategy from a “d+” rating to a “c-” rating in a report on Friday, November 17th. Canaccord Genuity Group upped their target price on MicroStrategy from $670.00 to $791.00 and gave the company a “buy” rating in a report on Thursday, December 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Tuesday, January 9th. Finally, BTIG Research upped their price objective on shares of MicroStrategy from $560.00 to $690.00 and gave the company a “buy” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $607.75.

Get Our Latest Research Report on MicroStrategy

MicroStrategy Profile

(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.

Further Reading

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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