Lewis Asset Management LLC Invests $224,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Lewis Asset Management LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 774 shares of the software maker's stock, valued at approximately $224,000.

A number of other hedge funds have also modified their holdings of MSTR. National Bank of Canada FI lifted its stake in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy during the third quarter valued at $254,000. Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. US Bancorp DE raised its position in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after buying an additional 3,773 shares in the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after acquiring an additional 222,109 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Down 0.3 %

Shares of MSTR stock traded down $1.16 during trading hours on Thursday, hitting $340.09. 12,573,341 shares of the company were exchanged, compared to its average volume of 19,343,199. MicroStrategy Incorporated has a 1 year low of $46.75 and a 1 year high of $543.00. The firm has a fifty day moving average of $362.51 and a 200 day moving average of $247.80. The firm has a market cap of $81.50 billion, a PE ratio of -161.41 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business's revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($8.98) earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSTR. Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Maxim Group upped their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Finally, Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $483.22.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company's stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 in the last 90 days. 9.16% of the stock is owned by company insiders.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.