Sei Investments increases 39% stake in MicroStrategy 

Sei Investments Co. has accrued its holdings successful MicroStrategy Incorporated by 39.3% during the 4th quarter. The steadfast added 3,376 shares, bringing its full to 11,972 shares, valued astatine astir $3.47 cardinal arsenic of the filing.

At the aforesaid time, analysts person had a batch to accidental astir MicroStrategy. Some are feeling confident, portion others are not truthful sure. Barclays dropped its terms people for the banal from $515 to $421, but inactive called it “overweight,” which usually means they deliberation it’s inactive worthy buying. 

According to Marketbeat, Compass Point upgraded the banal to a “strong-buy.” Bernstein is sticking with its “outperform” statement and acceptable a $600 terms target. Cantor Fitzgerald besides raised their target, bumping it from $613 to $619. On the different hand, Monness Crespi & Hardt wasn’t impressed—they gave it a “sell” standing and a $220 target.

The banal has mixed ratings overall, with 9 analysts saying “buy,” 1 saying “strong buy,” and 1 saying “sell.” According to MarketBeat.com, the mean standing is “Moderate Buy,” with a people terms of $508.09.

There’s been immoderate enactment from the institution officials, too.CFO Andrew Kang purchased 1,500 shares connected March 20 astatine $85 per share, totaling $127,500. Meanwhile, Director Leslie J. Rechan sold 15,000 shares for implicit $5 cardinal connected March 25, reducing their presumption by much than 75%. SEC filings bespeak insiders acquired 8,000 shares and sold astir 23,000 successful the past 90 days.

In total, insiders bought 8,000 shares successful the past 3 months and sold astir 23,000 successful the past 90 days. Even with those moves, insiders inactive ain astir 9.16% of the company.

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