Atria Wealth Solutions Inc. increased its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 29.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,791 shares of the software maker's stock after buying an additional 3,626 shares during the period. Atria Wealth Solutions Inc.'s holdings in MicroStrategy were worth $4,573,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI lifted its stake in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after acquiring an additional 18,207 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy during the third quarter valued at approximately $254,000. Clarity Capital Partners LLC grew its position in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Wellington Management Group LLP grew its position in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Finally, US Bancorp DE grew its position in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after purchasing an additional 3,773 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on MSTR. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy presently has an average rating of "Moderate Buy" and an average target price of $536.90.
Check Out Our Latest Stock Analysis on MSTR
MicroStrategy Price Performance
Shares of MSTR stock traded down $24.23 during mid-day trading on Friday, reaching $299.69. The company's stock had a trading volume of 17,854,873 shares, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a 1-year low of $67.81 and a 1-year high of $543.00. The company has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. 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 firm's 50-day moving average is $344.48 and its two-hundred day moving average is $265.91.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its 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%.
MicroStrategy Profile
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Free Report)
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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