Salem Investment Counselors Inc. Makes New $55,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Salem Investment Counselors Inc. acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32 shares of the software maker’s stock, valued at approximately $55,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in MicroStrategy during the 4th quarter worth $70,990,000. Beacon Pointe Advisors LLC purchased a new position in shares of MicroStrategy in the 4th quarter worth about $379,000. New York State Common Retirement Fund boosted its holdings in shares of MicroStrategy by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock worth $3,235,000 after buying an additional 366 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of MicroStrategy by 23.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after buying an additional 500 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of MicroStrategy by 90.0% in the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after buying an additional 1,361 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Stock Up 1.3 %

Shares of MSTR opened at $1,483.76 on Monday. The business’s 50-day moving average price is $1,425.51 and its 200-day moving average price is $1,098.41. MicroStrategy Incorporated has a twelve month low of $301.08 and a twelve month high of $1,999.99. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The company had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Benchmark reissued a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a report on Thursday, April 25th. BTIG Research boosted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $2,098.40.

Insider Buying and Selling at MicroStrategy

In related news, Chairman Michael J. Saylor sold 1,140 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the sale, the chairman now owns 1,140 shares of the company’s stock, valued at $2,224,516.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 41,996 shares of company stock worth $61,475,247 over the last ninety days. Insiders own 13.18% of the company’s stock.

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.