Sei Investments increases 39% stake in MicroStrategy

Sei Investments Co. has increased its holdings in MicroStrategy Incorporated by 39.3% during the fourth quarter. The firm added 3,376 shares, bringing its total to 11,972 shares, valued at approximately $3.47 million as of the filing.

At the same time, analysts have had a lot to say about MicroStrategy. Some are feeling confident, while others are not so sure. Barclays dropped its price target for the stock from $515 to $421, but still called it “overweight,” which usually means they think it’s still worth buying. 

According to Marketbeat , Compass Point upgraded the stock to a “strong-buy.” Bernstein is sticking with its “outperform” label and set a $600 price target. Cantor Fitzgerald also raised their target, bumping it from $613 to $619. On the other hand, Monness Crespi & Hardt wasn’t impressed—they gave it a “sell” rating and a $220 target.

The stock has mixed ratings overall, with nine analysts saying “buy,” one saying “strong buy,” and one saying “sell.” According to MarketBeat.com, the average rating is “Moderate Buy,” with a target price of $508.09.

There’s been some action from the company officials, too.CFO Andrew Kang purchased 1,500 shares on March 20 at $85 per share, totaling $127,500. Meanwhile, Director Leslie J. Rechan sold 15,000 shares for over $5 million on March 25, reducing their position by more than 75%. SEC filings indicate insiders acquired 8,000 shares and sold nearly 23,000 in the last 90 days.

In total, insiders bought 8,000 shares in the last three months and sold nearly 23,000 in the last 90 days. Even with those moves, insiders still own about 9.16% of the company.