Koshinski Asset Management Inc. Makes New $450,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Koshinski Asset Management Inc. bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,553 shares of the software maker’s stock, valued at approximately $450,000.

A number of other large investors have also added to or reduced their stakes in the company. Wealthquest Corp bought a new position in MicroStrategy in the fourth quarter worth about $290,000. Harbor Investment Advisory LLC raised its holdings in MicroStrategy by 14.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock worth $193,000 after purchasing an additional 85 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after acquiring an additional 65 shares in the last quarter. Diversify Wealth Management LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at about $1,271,000. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of MicroStrategy by 50.2% during the fourth quarter. Gilman Hill Asset Management LLC now owns 3,003 shares of the software maker’s stock valued at $870,000 after acquiring an additional 1,003 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MSTR. Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, 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 report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $377.31 on Thursday. 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 twelve month low of $43.87 and a twelve month high of $543.00. The company’s 50 day moving average is $366.62 and its 200 day moving average is $240.20. The company has a market cap of $90.42 billion, a PE ratio of -179.07 and a beta of 3.25.

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

About MicroStrategy

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.