C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $1.49 Million Position in MicroStrategy Incorporated (NASDAQ:MSTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,143 shares of the software maker's stock after acquiring an additional 828 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in MicroStrategy were worth $1,490,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC lifted its stake in 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 during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $32,000. Activest Wealth Management acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $33,000. SOA Wealth Advisors LLC. acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $37,000. Finally, Game Plan Financial Advisors LLC acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 59.84% of the company's stock.

MicroStrategy Stock Down 7.5 %

MSTR stock traded down $24.23 during mid-day trading on Friday, reaching $299.69. The company had a trading volume of 17,854,873 shares, compared to its average volume of 16,638,439. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50 day simple moving average of $344.48 and a two-hundred day simple moving average of $265.91. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25. MicroStrategy Incorporated has a 52 week low of $67.81 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSTR shares. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Barclays dropped their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. One research 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.

MicroStrategy Company Profile

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.