MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,779 shares of the software maker's stock after purchasing an additional 7,735 shares during the quarter. Corient Private Wealth LLC's holdings in MicroStrategy were worth $22,237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the 4th quarter worth about $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $25,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MSTR. 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. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy presently has a consensus rating of "Buy" and an average target price of $536.90.

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MicroStrategy Trading Up 0.6 %

Shares of MicroStrategy stock traded up $1.93 during trading hours on Friday, reaching $304.00. The 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 1 year low of $101.00 and a 1 year high of $543.00. The firm has a market capitalization of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. The firm has a 50 day simple moving average of $317.11 and a two-hundred day simple moving average of $286.69.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

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.