Harbour Investments Inc. raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,482 shares of the software maker's stock after purchasing an additional 1,657 shares during the period. Harbour Investments Inc.'s holdings in MicroStrategy were worth $2,746,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in MSTR. Riverview Trust Co acquired a new position in shares of MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at $25,000. Sunbelt Securities Inc. increased its holdings in 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 period. Parkside Financial Bank & Trust increased its holdings in 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 purchasing an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at $28,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.
MicroStrategy Stock Up 5.7 %
Shares of MSTR traded up $16.26 during trading hours on Wednesday, hitting $299.45. The stock had a trading volume of 5,379,421 shares, compared to its average volume of 18,207,702. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $318.73 and a 200-day simple moving average of $285.25. The firm has a market capitalization of $77.06 billion, a P/E ratio of -52.98 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 Upgrades and Downgrades
A number of research firms recently weighed in on MSTR. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $536.90.
Read Our Latest Analysis on MSTR
About MicroStrategy
(
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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