Altiora Financial Group LLC lowered its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,058 shares of the software maker's stock after selling 982 shares during the quarter. Altiora Financial Group LLC's holdings in MicroStrategy were worth $306,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its holdings in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. WR Wealth Planners LLC increased its holdings in MicroStrategy by 22.6% in the fourth 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. increased its holdings in MicroStrategy by 0.9% in the fourth 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, Mesirow Financial Investment Management Inc. increased its holdings in MicroStrategy by 2.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 59.84% of the company's stock.
MicroStrategy Stock Down 16.7 %
Shares of MSTR stock traded down $47.91 on Monday, hitting $239.27. 31,334,814 shares of the stock were exchanged, compared to its average volume of 18,864,701. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $61.58 billion, a P/E ratio of -42.48 and a beta of 3.36. The business has a 50-day moving average of $324.29 and a 200 day moving average of $279.42. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on MSTR shares. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $536.90.
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About MicroStrategy
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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.
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