CWA Asset Management Group LLC Takes $417,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

CWA Asset Management Group LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,440 shares of the software maker’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSTR. Savant Capital LLC boosted its holdings in shares of MicroStrategy by 2.6% in the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock worth $825,000 after acquiring an additional 15 shares during the period. Ballentine Partners LLC lifted its holdings in MicroStrategy by 5.0% during the 2nd quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock worth $431,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc boosted its stake in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy during the 2nd quarter valued at about $106,000. Finally, Magnetar Financial LLC increased its position in shares of MicroStrategy by 31.6% during the second quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after buying an additional 81 shares during the period. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 2.8 %

MSTR opened at $331.70 on Thursday. The business’s fifty day simple moving average is $349.26 and its 200 day simple moving average is $224.56. MicroStrategy Incorporated has a 52 week low of $43.87 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $79.49 billion, a PE ratio of -157.43 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) 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). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the company posted ($8.98) earnings per share.

Insiders Place Their Bets

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MSTR. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Monday. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.