Gilman Hill Asset Management LLC Acquires 1,003 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Gilman Hill Asset Management LLC increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 50.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,003 shares of the software maker's stock after buying an additional 1,003 shares during the quarter. Gilman Hill Asset Management LLC's holdings in MicroStrategy were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. grew its stake in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC grew its position in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new stake in MicroStrategy during the 3rd quarter valued at $27,000. Sunbelt Securities Inc. raised its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last three months. 9.16% of the stock is currently owned by corporate insiders.

MicroStrategy Price Performance

Shares of MSTR traded up $29.50 during trading hours on Monday, reaching $396.50. 24,214,007 shares of the stock traded hands, compared to its average volume of 19,841,848. The company has a market cap of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company's 50-day moving average price is $363.86 and its two-hundred day moving average price is $235.52. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on MSTR. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

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.