Duncan Williams Asset Management LLC Purchases Shares of 820 MicroStrategy Incorporated (NASDAQ:MSTR)

Duncan Williams Asset Management LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 820 shares of the software maker’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI grew its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy during the 3rd quarter valued at about $254,000. Wellington Management Group LLP raised its position in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. US Bancorp DE lifted its holdings in MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares during the period. Finally, Virtu Financial LLC grew its position in shares of MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last quarter. 9.16% of the stock is owned by insiders.

Analyst Ratings Changes

MSTR has been the subject of a number of recent analyst reports. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Down 5.2 %

Shares of NASDAQ MSTR opened at $353.67 on Friday. The company has a 50 day simple moving average of $367.79 and a two-hundred day simple moving average of $243.47. MicroStrategy Incorporated has a fifty-two week low of $44.59 and a fifty-two 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.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the firm posted ($8.98) EPS. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year.

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.