Frank Rimerman Advisors LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,277 shares of the software maker's stock, valued at approximately $370,000.
Several other institutional investors have also recently made changes to their positions in the company. United Capital Management of KS Inc. raised its stake in MicroStrategy by 28.2% during the 4th quarter. United Capital Management of KS Inc. now owns 28,986 shares of the software maker's stock worth $8,395,000 after acquiring an additional 6,380 shares in the last quarter. Left Brain Wealth Management LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at $468,000. Commonwealth Equity Services LLC increased its stake in MicroStrategy by 0.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 227,245 shares of the software maker's stock valued at $65,815,000 after purchasing an additional 1,714 shares during the last quarter. DecisionMap Wealth Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth about $815,000. Finally, IAG Wealth Partners LLC acquired a new position in MicroStrategy in the 4th quarter worth $25,000. Hedge funds and other institutional investors own 59.84% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on MSTR. TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Cantor Fitzgerald boosted their price target on shares of 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 report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $536.90.
Check Out Our Latest Report on MSTR
MicroStrategy Stock Performance
Shares of MicroStrategy stock traded down $8.92 on Tuesday, hitting $285.35. The stock had a trading volume of 11,711,664 shares, compared to its average volume of 18,350,802. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The stock has a market cap of $73.44 billion, a price-to-earnings ratio of -50.50 and a beta of 3.36. The business's 50 day moving average is $319.90 and its two-hundred day moving average is $284.19. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.
MicroStrategy Company 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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