MicroStrategy Incorporated (NASDAQ:MSTR) Holdings Reduced by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd cut its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,700 shares of the software maker's stock after selling 13,300 shares during the quarter. MicroStrategy makes up approximately 4.4% of Andar Capital Management HK Ltd's holdings, making the stock its 9th biggest position. Andar Capital Management HK Ltd's holdings in MicroStrategy were worth $3,389,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its position in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 30 shares during the last quarter. Xponance Inc. raised its stake in shares of MicroStrategy by 30.0% in the fourth quarter. Xponance Inc. now owns 18,541 shares of the software maker's stock worth $5,370,000 after purchasing an additional 4,280 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of MicroStrategy in the fourth quarter worth about $10,967,000. Thrivent Financial for Lutherans raised its stake in shares of MicroStrategy by 118.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,794 shares of the software maker's stock worth $3,688,000 after purchasing an additional 6,384 shares during the last quarter. Finally, Tejara Capital Ltd purchased a new position in shares of MicroStrategy in the fourth quarter worth about $290,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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MicroStrategy Price Performance

MSTR traded up $1.93 during trading on Friday, hitting $304.00. The company's stock had a trading volume of 21,733,655 shares, compared to its average volume of 18,038,230. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The business's fifty day simple moving average is $317.11 and its 200 day simple moving average is $286.69. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

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 analysts' consensus estimates 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 Analysts Forecast Growth

Several brokerages have recently issued reports on MSTR. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday. They set a "neutral" rating on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Finally, Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of "Buy" and an average price target of $536.90.

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.