Prudential Financial Inc. Has $1.96 Million Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Prudential Financial Inc. lowered its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,656 shares of the software maker’s stock after selling 190 shares during the period. Prudential Financial Inc. owned approximately 0.13% of MicroStrategy worth $1,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Everence Capital Management Inc. acquired a new stake in MicroStrategy during the first quarter worth approximately $201,000. Horrell Capital Management Inc. lifted its holdings in MicroStrategy by 14.2% during the second quarter. Horrell Capital Management Inc. now owns 40,200 shares of the software maker’s stock worth $5,761,000 after acquiring an additional 5,000 shares during the period. Vivaldi Asset Management LLC lifted its holdings in MicroStrategy by 53.8% during the first quarter. Vivaldi Asset Management LLC now owns 62,082 shares of the software maker’s stock worth $8,955,000 after acquiring an additional 21,710 shares during the period. First Trust Advisors LP bought a new stake in MicroStrategy during the second quarter worth $59,082,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in MicroStrategy by 3.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 3,353 shares of the software maker’s stock worth $481,000 after acquiring an additional 100 shares during the period. 76.42% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on MSTR shares. ValuEngine upgraded MicroStrategy from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Friday, July 12th.

In other news, Director Leslie J. Rechan bought 1,900 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $136.98 per share, with a total value of $260,262.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 26.88% of the company’s stock.

NASDAQ:MSTR traded up $4.00 during trading hours on Thursday, reaching $152.13. The stock had a trading volume of 1,083 shares, compared to its average volume of 108,937. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a 50 day simple moving average of $140.02 and a 200 day simple moving average of $139.29. MicroStrategy Incorporated has a 12-month low of $115.50 and a 12-month high of $152.38. The stock has a market cap of $1.51 billion, a P/E ratio of 89.81 and a beta of 0.66.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, July 30th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.19). MicroStrategy had a return on equity of 0.67% and a net margin of 5.85%. The firm had revenue of $117.74 million during the quarter, compared to analysts’ expectations of $120.63 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts expect that MicroStrategy Incorporated will post 0.53 earnings per share for the current fiscal year.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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