Presidio Capital Management LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

by · The Cerbat Gem

Presidio Capital Management LLC acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 1,458 shares of the software maker’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in MicroStrategy by 34.8% during the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares during the period. International Assets Investment Management LLC raised its stake in MicroStrategy by 224,965.1% during the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after purchasing an additional 238,463 shares during the period. Capital International Investors raised its stake in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after purchasing an additional 232,667 shares during the period. National Pension Service lifted its holdings in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after purchasing an additional 220,500 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new position in MicroStrategy in the 3rd quarter worth approximately $35,558,000. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $270.81 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a 12 month low of $43.87 and a 12 month high of $280.80. The company has a market capitalization of $48.03 billion, a price-to-earnings ratio of -128.53 and a beta of 3.05. The firm’s 50-day moving average is $180.47 and its 200 day moving average is $157.04.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the company posted ($8.98) EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phong Le sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock worth $13,950,265 over the last quarter. Company insiders own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. Maxim Group boosted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark raised their price objective on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group lifted their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.13.

Check Out Our Latest Stock Analysis on MicroStrategy

MicroStrategy Company Profile

(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.

See Also

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