Selway Asset Management Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Selway Asset Management bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the software maker’s stock, valued at approximately $869,000.

Other hedge funds have also modified their holdings of the company. Riverview Trust Co bought a new position in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the fourth quarter worth $25,000. Parkside Financial Bank & Trust lifted its stake in shares of MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Aspect Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC boosted its holdings in MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company’s stock.

MicroStrategy Stock Up 2.1 %

NASDAQ:MSTR opened at $312.54 on Thursday. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The stock has a 50-day moving average price of $308.52 and a two-hundred day moving average price of $298.42. The stock has a market cap of $80.43 billion, a price-to-earnings ratio of -55.48 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSTR. 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. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.