XTX Topco Ltd Acquires New Position in MicroStrategy Incorporated (NASDAQ:MSTR)

XTX Topco Ltd has recently made a significant investment in MicroStrategy Incorporated (NASDAQ:MSTR) during the third quarter. According to their latest disclosure with the Securities & Exchange Commission, the fund has acquired a total of 14,991 shares of MicroStrategy's stock, with a valuation of about $2,527,000.

Investment Trends in MicroStrategy

Other large investors have also been active in buying and selling shares of MicroStrategy. For instance, Signaturefd LLC increased its stake in MicroStrategy by 13.6% in the second quarter, now holding 50 shares valued at $69,000 after acquiring an additional 6 shares. Similarly, GAMMA Investing LLC raised its holdings by 36.4% during the same period, now owning 30 shares valued at $41,000 after buying 8 more shares.

Cigna Investments Inc. New also expanded its interest by 5.1%, bringing its total to 164 shares, now valued at $226,000 following the purchase of an additional 8 shares. Crossmark Global Holdings Inc. increased its position by 2.8%, acquiring 400 shares valued at $551,000 after adding 11 shares during this timeframe. Furthermore, Dakota Wealth Management slightly raised its stake by 0.3%, owning 4,515 shares now worth $6,219,000 after an additional purchase of 15 shares. Overall, 72.03% of MicroStrategy's stock is owned by hedge funds and other institutional investors.

Insider Activity in MicroStrategy

In related insider transactions, Director Stephen X. Graham sold 20,000 shares of MicroStrategy on November 21, with the shares trading at an average price of $451.36, leading to a total transaction value of about $9,027,200. This sale has resulted in Graham's ownership dropping to 6,970 shares, worth approximately $3,145,979.20, which represents a decline of 74.16% in his holdings.

Additionally, CFO Andrew Kang sold 5,700 shares on November 6 for an average price of $257.15, totaling $1,465,755. After this transaction, Kang holds 12,080 shares worth around $3,106,372, marking a 32.06% decrease in his position. In the last ninety days alone, insiders have offloaded 102,000 shares valued at around $32,259,177, and they collectively own 13.18% of MicroStrategy's stock.

Stock Performance of MicroStrategy

As of Friday, shares of MicroStrategy opened at $395.01, with a notable 12-month low of $43.87 and a high of $543.00. The company holds a debt-to-equity ratio of 1.12, with a current ratio and quick ratio both at 0.65. The 50-day moving average for the stock stands at $281.23, while the 200-day moving average is at $193.20.

Earnings Report Overview

MicroStrategy released their earnings report on October 30, revealing an earnings per share (EPS) of ($1.56) for the quarter, which missed analysts' expectations of ($0.12) by a considerable margin of $1.44. The software company showed a negative return on equity of 17.31% and a negative net margin of 87.05%. The revenue reported for the quarter was $116.07 million, lower than the anticipated $121.45 million. Year-over-year, revenue has dropped by 10.3% compared to the same quarter of the previous year.

Analysts and Price Targets for MicroStrategy

Recent research reports have been focusing on MicroStrategy, with several analysts modifying their price targets. Maxim Group increased their target from $193.00 to $270.00 and rated the stock as a "buy." TD Cowen raised their price target from $392.00 to $525.00 with a "buy" rating on November 25. BTIG Research ramped up their target price from $290.00 to $570.00, also issuing a "buy" rating.

Meanwhile, Barclays set their price target from $275.00 to $515.00 and provided an "overweight" rating. Similarly, Sanford C. Bernstein lifted their price target from $290.00 to $600.00, rating the company as "outperform." Currently, one analyst has given a sell rating, while eight have issued buy ratings, resulting in a consensus rating of "Moderate Buy" and an average price target of $479.25 according to MarketBeat data.

About MicroStrategy

MicroStrategy Incorporated is known for providing artificial intelligence-powered enterprise analytics software and services across various regions, including the United States, Europe, the Middle East, and Africa. Their offerings include MicroStrategy ONE, which equips non-technical users with access to insightful data for informed decision-making, and MicroStrategy Cloud for Government, designed to meet the specific regulatory and technical needs of governments and financial institutions.

Investment, Shares, Performance