Dai ichi Life Insurance Company Ltd Increases Stake in MicroStrategy Incorporated

Dai ichi Life Insurance Company Ltd significantly raised its investment in MicroStrategy Incorporated (NASDAQ:MSTR) by an impressive 900.0% during the third quarter. This increase was disclosed in the company's most recent filing with the U.S. Securities and Exchange Commission (SEC). Following the acquisition of an additional 5,400 shares in the quarter, Dai ichi Life now owns a total of 6,000 shares in the software company. The total value of these holdings is approximately $1,012,000 as per the latest filing with the SEC.

Several other institutional investors and hedge funds have also made notable adjustments to their positions in MicroStrategy. For instance, Qsemble Capital Management LP established a new investment in MicroStrategy during the third quarter, amounting to about $326,000. Similarly, Associated Banc Corp increased its stake by 900.0%, now owning 2,350 shares valued at $396,000 after acquiring an additional 2,115 shares recently. Private Trust Co. NA also boosted its holdings by 750.0%, bringing their total to 204 shares worth around $34,000 after acquiring 180 more shares. Additionally, Horizon Kinetics Asset Management LLC raised its stake by 924.1%, owning 192,905 shares valued at roughly $32,524,000 after gaining 174,069 shares during the last quarter. Finally, DRW Securities LLC enhanced its holdings by 121.9%, with 4,649 shares now worth around $784,000 following an acquisition of 2,554 shares. Overall, institutional investors and hedge funds now own 72.03% of the stock in MicroStrategy.

Analysts Adjust Price Targets

MicroStrategy has recently attracted attention from analysts, leading to adjustments in price targets. BTIG Research has raised its price target for MicroStrategy from $290.00 to $570.00, assigning it a "buy" rating. Similarly, TD Cowen has increased their target from $392.00 to $525.00 while maintaining a "buy" rating. Research coverage from Cantor Fitzgerald began recently, recommending an "overweight" rating with a price target of $194.00. Moreover, Maxim Group has elevated its price target from $193.00 to $270.00, also citing a "buy" recommendation. Benchmark has raised its price target from $450.00 to $650.00, similarly issuing a "buy" rating. Currently, one analyst has issued a sell rating, while eight have recommended buying MicroStrategy stock, resulting in an average rating of "Moderate Buy" and a target price of $479.25.

Insider Transactions at MicroStrategy

Additional news concerning MicroStrategy involves insider trading. On November 13th, EVP Wei-Ming Shao sold 18,000 shares at an average price of $368.01, totaling about $6,624,180.00. Post-sale, Shao holds 6,460 shares valued at approximately $2,377,344.60, indicating a substantial reduction of 73.59% in their holdings. On November 21st, Director Stephen X. Graham also sold 20,000 shares at an average price of $451.36, amounting to $9,027,200.00 in total. Following this transaction, Graham holds 6,970 shares valued at about $3,145,979.20, representing a 74.16% decrease. In total, insiders have sold 102,000 shares valued at $32,259,177 over the past 90 days, with insiders retaining ownership of 13.18% of the stock.

MicroStrategy Stock Performance

As of Thursday, shares of MicroStrategy (NASDAQ:MSTR) opened at $388.84. The stock has a 50-day moving average price of $243.51 and a 200-day moving average of $180.24. The company's financial ratios reveal a debt-to-equity ratio of 1.12, with both the quick ratio and current ratio standing at 0.65. MicroStrategy has a market capitalization of $78.79 billion, with a PE ratio of -184.55 and a beta of 3.05. Over the past year, the stock has fluctuated between a low of $43.87 and a high of $543.00.

MicroStrategy last reported its quarterly earnings on October 30th, revealing an EPS of ($1.56), which fell below analysts' expectations of ($0.12) by $1.44. The company generated revenue of $116.07 million, compared to expectations of $121.45 million. The firm reported a negative net margin of 87.05% and a negative return on equity of 17.31%, with quarterly revenue down 10.3% annually.

Overview of MicroStrategy Company

MicroStrategy Incorporated is known for its artificial intelligence-powered enterprise analytics software and services, operating not only in the United States but across Europe, the Middle East, Africa, and other regions. The company offers MicroStrategy ONE, designed for non-technical users to access actionable insights directly for informed decision-making. Furthermore, MicroStrategy provides the MicroStrategy Cloud for Government service, ensuring constant threat monitoring that complies with the stringent technical and regulatory standards required by governments and financial institutions.

Investment, Stocks, Analysts