MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 796.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,900 shares of the software maker's stock after purchasing an additional 34,560 shares during the period. CIBC Asset Management Inc's holdings in MicroStrategy were worth $11,266,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in 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 purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC lifted its holdings in MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares during the period. Wellington Management Group LLP lifted its holdings in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after acquiring an additional 6,104 shares during the period. Finally, US Bancorp DE lifted its holdings in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after acquiring an additional 3,773 shares during the period. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Down 7.5 %

Shares of NASDAQ MSTR 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 business's 50-day moving average is $344.48 and its 200-day moving average is $265.91. 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 stock has a market cap 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 announced its earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Ratings Changes

MSTR has been the topic of several analyst reports. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Compass Point raised MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.