Cigna Investments Inc. New Has $498,000 Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Cigna Investments Inc. New raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,720 shares of the software maker’s stock after acquiring an additional 125 shares during the period. Cigna Investments Inc. New’s holdings in MicroStrategy were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sovran Advisors LLC acquired a new position in MicroStrategy in the fourth quarter valued at about $1,381,000. Strengthening Families & Communities LLC bought a new stake in shares of MicroStrategy in the fourth quarter valued at about $73,000. Hartline Investment Corp lifted its holdings in shares of MicroStrategy by 560.5% in the fourth quarter. Hartline Investment Corp now owns 35,150 shares of the software maker’s stock valued at $10,180,000 after purchasing an additional 29,828 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of MicroStrategy in the fourth quarter valued at about $159,000. Finally, Bonfire Financial bought a new stake in shares of MicroStrategy in the fourth quarter valued at about $1,123,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock worth $16,314,110 over the last 90 days. Company insiders own 9.16% of the company’s stock.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $334.62 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock’s 50 day moving average price is $354.16 and its two-hundred day moving average price is $257.96. MicroStrategy Incorporated has a 12-month low of $65.02 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research reports. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday. They set an “outperform” rating and a $560.00 target price on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $536.90.

About MicroStrategy

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.