Hoey Investments Inc. Has $434,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Hoey Investments Inc. lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 1,204.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the software maker’s stock after acquiring an additional 1,385 shares during the quarter. Hoey Investments Inc.’s holdings in MicroStrategy were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after acquiring an additional 5,069 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of MicroStrategy during the 3rd quarter worth $1,040,000. Private Trust Co. NA lifted its stake in shares of MicroStrategy by 750.0% in the 3rd quarter. Private Trust Co. NA now owns 204 shares of the software maker’s stock valued at $34,000 after purchasing an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of MicroStrategy by 204.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock valued at $1,396,000 after purchasing an additional 5,560 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in MicroStrategy by 932.9% during the third quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker’s stock worth $874,000 after buying an additional 4,683 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $289.41 on Monday. The company’s fifty day moving average is $313.64 and its two-hundred day moving average is $296.05. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of -51.38 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays decreased their price objective 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. Finally, Monness Crespi & Hardt began coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $536.90.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $42,500. The trade was 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, CEO Phong Le bought 6,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares of the company’s stock, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by company insiders.

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.