Selway Asset Management Makes New $869,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

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

Several other large investors also recently made changes to their positions in the stock. Maryland State Retirement & Pension System lifted its holdings in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 shares during the period. WR Wealth Planners LLC grew its stake in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after buying an additional 48 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its holdings in MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock worth $1,558,000 after acquiring an additional 50 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald raised their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Insider Activity at MicroStrategy

In other news, CEO Phong Le purchased 6,000 shares of MicroStrategy stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by insiders.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $312.54 on Thursday. 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 company has a 50-day moving average of $308.52 and a 200-day moving average of $298.42. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a market capitalization of $80.43 billion, a price-to-earnings ratio of -55.48 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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%.

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.