Abound Financial LLC Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Abound Financial LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,218 shares of the software maker's stock, valued at approximately $932,000. MicroStrategy accounts for 0.5% of Abound Financial LLC's investment portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aspect Partners LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at $28,000. Private Wealth Management Group LLC lifted its position in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after buying an additional 71 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in MicroStrategy in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. bought a new position in MicroStrategy in the fourth quarter valued at about $32,000. Finally, Activest Wealth Management acquired a new position in MicroStrategy during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

MSTR has been the topic of several research reports. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. Barclays dropped their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.

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MicroStrategy Stock Up 5.1 %

MSTR traded up $12.76 during midday trading on Wednesday, reaching $263.27. 19,752,600 shares of the company were exchanged, compared to its average volume of 17,150,744. The company has a market cap of $63.09 billion, a price-to-earnings ratio of -46.74 and a beta of 3.25. MicroStrategy Incorporated has a one year low of $84.18 and a one year high of $543.00. The company's fifty day moving average price is $337.07 and its 200 day moving average price is $270.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

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.