3,000 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Selway Asset Management

Selway Asset Management acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the software maker's stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. National Bank of Canada FI boosted its position in MicroStrategy by 746.2% during the third 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. Proficio Capital Partners LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at approximately $81,783,000. Clarity Capital Partners LLC grew its stake in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in MicroStrategy in the 3rd quarter worth $254,000. Finally, Wellington Management Group LLP raised its position in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Buying and Selling

In related news, CEO Phong Le bought 6,000 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the purchase, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

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MicroStrategy Trading Down 9.7 %

Shares of NASDAQ MSTR traded down $30.26 during trading on Thursday, hitting $282.28. 18,116,257 shares of the company were exchanged, compared to its average volume of 17,847,107. The company has a fifty day moving average price of $306.70 and a 200-day moving average price of $298.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market capitalization of $72.65 billion, a PE ratio of -50.11 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSTR. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research report on Tuesday. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. Compass Point raised MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $508.09.

MicroStrategy 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.