Webster Bank N. A. Makes New $68,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Webster Bank N. A. purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40 shares of the software maker’s stock, valued at approximately $68,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSTR. LongView Wealth Management bought a new stake in MicroStrategy in the first quarter worth $341,000. Sunburst Financial Group LLC purchased a new stake in MicroStrategy during the 1st quarter valued at about $594,000. Investment Partners Asset Management Inc. purchased a new position in MicroStrategy in the first quarter worth about $443,000. Brookstone Capital Management raised its holdings in MicroStrategy by 107.0% in the first quarter. Brookstone Capital Management now owns 708 shares of the software maker’s stock worth $1,207,000 after buying an additional 366 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of MicroStrategy by 115.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,333 shares of the software maker’s stock worth $7,386,000 after buying an additional 2,321 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR opened at $1,377.48 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. MicroStrategy Incorporated has a one year low of $307.11 and a one year high of $1,999.99. The business has a fifty day moving average of $1,446.88 and a 200 day moving average of $1,125.30.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The firm had revenue of $115.25 million during the quarter, compared to the consensus estimate of $124.80 million.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $1,638.91, for a total value of $8,194,550.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 40,856 shares of company stock valued at $59,250,731. Company insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Maxim Group started coverage on shares of MicroStrategy in a report on Tuesday, June 25th. They issued a “buy” rating and a $1,835.00 price objective for the company. Sanford C. Bernstein raised MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. Benchmark reiterated a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday, April 25th. Canaccord Genuity Group lowered their target price on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Finally, StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,017.67.

MicroStrategy 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.