AM Investment Strategies LLC Invests $611,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

AM Investment Strategies LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,111 shares of the software maker’s stock, valued at approximately $611,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Impact Partnership Wealth LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $917,000. Patriot Investment Management Group Inc. boosted its position in MicroStrategy by 44.1% during the fourth quarter. Patriot Investment Management Group Inc. now owns 18,032 shares of the software maker’s stock valued at $5,222,000 after purchasing an additional 5,522 shares during the last quarter. Southland Equity Partners LLC bought a new position in MicroStrategy in the fourth quarter valued at approximately $266,000. Yeomans Consulting Group Inc. acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $343,000. Finally, Key Client Fiduciary Advisors LLC bought a new stake in shares of MicroStrategy during the 4th quarter worth approximately $315,000. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of several analyst reports. Barclays raised 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. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Maxim Group lifted their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, MicroStrategy presently 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 business’s 50 day moving average is $367.79 and its 200-day moving average is $242.68. 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 Incorporated has a 1-year low of $44.59 and a 1-year high of $543.00.

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

Insiders Place Their Bets

In related news, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 in the last quarter. 9.16% of the stock is currently owned by corporate 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.