Duncan Williams Asset Management LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Duncan Williams Asset Management LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 820 shares of the software maker’s stock, valued at approximately $237,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in 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 purchasing an additional 39 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after acquiring an additional 65 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of MicroStrategy in the 2nd quarter worth about $106,000. Harbor Investment Advisory LLC raised its position in shares of MicroStrategy by 14.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after acquiring an additional 85 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of MicroStrategy by 10.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock valued at $1,222,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Performance

MSTR stock opened at $353.67 on Friday. MicroStrategy Incorporated has a fifty-two week low of $44.59 and a fifty-two week high of $543.00. The stock has a fifty day moving average of $367.79 and a 200-day moving average of $243.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research upped their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Maxim Group upped their target price 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 reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $479.25.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % 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. 9.16% of the stock is currently owned by corporate insiders.

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.