Western Wealth Management LLC Invests $283,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Western Wealth Management LLC acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 448 shares of the software maker’s stock, valued at approximately $283,000.

Several other hedge funds also recently made changes to their positions in the business. Kingsview Wealth Management LLC grew its stake in shares of MicroStrategy by 4.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 908 shares of the software maker’s stock worth $298,000 after purchasing an additional 39 shares during the last quarter. MTM Investment Management LLC boosted its holdings in shares of MicroStrategy by 4.2% in the fourth quarter. MTM Investment Management LLC now owns 1,027 shares of the software maker’s stock worth $649,000 after buying an additional 41 shares during the period. IFP Advisors Inc boosted its holdings in shares of MicroStrategy by 2.9% in the third quarter. IFP Advisors Inc now owns 1,513 shares of the software maker’s stock worth $497,000 after buying an additional 42 shares during the period. Arizona State Retirement System boosted its holdings in shares of MicroStrategy by 1.5% in the third quarter. Arizona State Retirement System now owns 3,130 shares of the software maker’s stock worth $1,028,000 after buying an additional 47 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of MicroStrategy by 1.1% in the third quarter. New York State Common Retirement Fund now owns 4,755 shares of the software maker’s stock worth $1,561,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the sale, the executive vice president now owns 453 shares in the company, valued at $322,227.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of MicroStrategy stock in a transaction on Friday, February 9th. The shares were sold at an average price of $638.39, for a total transaction of $255,356.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 350 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the sale, the executive vice president now owns 453 shares in the company, valued at approximately $322,227.96. The disclosure for this sale can be found here. Insiders have sold 121,733 shares of company stock worth $119,992,182 over the last 90 days. Corporate insiders own 13.18% of the company’s stock.

MicroStrategy Stock Performance

MSTR stock opened at $1,324.01 on Tuesday. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The firm has a 50 day simple moving average of $1,306.13 and a 200 day simple moving average of $787.00. The stock has a market cap of $22.47 billion, a P/E ratio of 46.98 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The business had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BTIG Research raised their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 target price on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark raised their target price on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. TD Cowen decreased their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,473.00.

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.