AlphaQuest LLC Cuts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

AlphaQuest LLC decreased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254 shares of the software maker's stock after selling 978 shares during the quarter. AlphaQuest LLC's holdings in MicroStrategy were worth $74,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in MicroStrategy during the fourth quarter worth $25,000. Sunbelt Securities Inc. increased its stake in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Aspect Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $28,000. Finally, Private Wealth Management Group LLC grew its stake in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock valued at $30,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSTR. Cantor Fitzgerald lifted their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday. They issued a "neutral" rating for the company. Finally, Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MicroStrategy has a consensus rating of "Buy" and a consensus target price of $536.90.

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MicroStrategy Stock Up 0.6 %

NASDAQ MSTR traded up $1.93 during trading on Friday, reaching $304.00. 21,733,655 shares of the company's stock were exchanged, compared to its average volume of 18,026,994. The stock has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a 50 day moving average price of $317.11 and a two-hundred day moving average price of $287.84. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued 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 net margin of 251.73% and a negative return on equity of 19.01%.

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.