Frank Rimerman Advisors LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,277 shares of the software maker's stock, valued at approximately $370,000.
Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new position in MicroStrategy in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy in the fourth quarter worth approximately $25,000. Parkside Financial Bank & Trust increased its stake 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter worth $28,000. Finally, Private Wealth Management Group LLC increased its stake 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 worth $30,000 after purchasing an additional 71 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on MSTR shares. Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.
Check Out Our Latest Stock Report on MicroStrategy
MicroStrategy Price Performance
MSTR traded down $3.22 during trading on Monday, hitting $294.27. 12,961,759 shares of the company traded hands, compared to its average volume of 18,324,582. The company has a market cap of $75.73 billion, a PE ratio of -52.24 and a beta of 3.36. The stock's 50-day simple moving average is $319.90 and its two-hundred day simple moving average is $284.19. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. 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 (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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 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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