Crew Capital Management Ltd. acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,149 shares of the software maker's stock, valued at approximately $333,000.
Other hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock worth $324,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc boosted its position in MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after acquiring an additional 39 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in shares of MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after purchasing an additional 48 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after purchasing an additional 50 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. boosted its holdings in shares of MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker's stock valued at $885,000 after purchasing an additional 55 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.
MicroStrategy Stock Up 12.1 %
Shares of MSTR traded up $33.40 during midday trading on Wednesday, hitting $308.55. The company had a trading volume of 25,978,282 shares, compared to its average volume of 18,931,678. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company's 50 day moving average price is $328.15 and its 200 day moving average price is $275.23. The stock has a market cap of $79.41 billion, a price-to-earnings ratio of -54.78 and a beta of 3.25.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Analysts Set New Price Targets
A number of brokerages have weighed in on MSTR. Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. TD Cowen lifted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Maxim Group lifted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $536.90.
View Our Latest Research Report on MSTR
About MicroStrategy
(
Free Report)
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.
Recommended Stories
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
