Axxcess Wealth Management LLC grew its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 215.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,310 shares of the software maker's stock after buying an additional 4,310 shares during the period. Axxcess Wealth Management LLC's holdings in MicroStrategy were worth $1,828,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. GPS Wealth Strategies Group LLC grew its stake in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after buying an additional 35 shares during the period. Versant Capital Management Inc grew its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after buying an additional 39 shares during the period. WR Wealth Planners LLC grew its stake in shares of MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after buying an additional 48 shares during the period. Sterling Investment Advisors Ltd. grew its stake in shares of MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after buying an additional 50 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of MicroStrategy by 2.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on MSTR. Sanford C. Bernstein restated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $536.90.
View Our Latest Stock Analysis on MicroStrategy
MicroStrategy Stock Up 0.6 %
MicroStrategy stock traded up $1.93 during mid-day 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 company has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $317.11 and a 200-day moving average of $287.84.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released 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 Company 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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