Erste Asset Management GmbH Makes New $2.61 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Erste Asset Management GmbH purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,000 shares of the software maker's stock, valued at approximately $2,607,000.

A number of other large investors also recently bought and sold shares of the stock. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. Parkside Financial Bank & Trust increased its position in shares of MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $28,000. Private Wealth Management Group LLC increased its position in shares of 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 in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $32,000. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 13.0 %

Shares of MicroStrategy stock traded up $34.23 during trading hours on Friday, hitting $297.49. The company's stock had a trading volume of 23,631,710 shares, compared to its average volume of 18,398,073. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm has a fifty day moving average of $321.59 and a 200-day moving average of $281.99. The stock has a market cap of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MSTR shares. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of "Moderate Buy" and an average price target of $536.90.

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.