Beese Fulmer Investment Management Inc. Takes $351,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Beese Fulmer Investment Management Inc. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,212 shares of the software maker’s stock, valued at approximately $351,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in MicroStrategy by 144.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock valued at $252,000 after buying an additional 108 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in MicroStrategy in the second quarter valued at $553,000. GAMMA Investing LLC raised its stake in MicroStrategy by 1,096.7% in the third quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after buying an additional 329 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in MicroStrategy by 951.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,781 shares of the software maker’s stock worth $1,312,000 after buying an additional 7,041 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MSTR shares. Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $544.78.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, 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. In the last three months, insiders have sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is owned by company insiders.

MicroStrategy Trading Down 3.3 %

NASDAQ MSTR opened at $325.46 on Friday. The business’s 50-day moving average price is $356.27 and its 200 day moving average price is $254.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. MicroStrategy Incorporated has a 52-week low of $46.75 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

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.