Laidlaw Wealth Management LLC Buys Shares of 1,347 MicroStrategy Incorporated (NASDAQ:MSTR)

Laidlaw Wealth Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,347 shares of the software maker's stock, valued at approximately $390,000.

Several other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after acquiring an additional 567,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after acquiring an additional 579,994 shares during the period. Swiss National Bank grew its holdings in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after purchasing an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in MicroStrategy by 21.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker's stock valued at $120,221,000 after purchasing an additional 71,934 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

MicroStrategy Stock Down 7.5 %

Shares of MicroStrategy stock traded down $24.23 on Friday, hitting $299.69. 17,854,873 shares of the company's stock traded hands, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a 52-week low of $67.81 and a 52-week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The firm's 50-day moving average is $342.30 and its 200 day moving average is $267.09.

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 the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $536.90.

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.