Harbour Investments Inc. increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,482 shares of the software maker's stock after acquiring an additional 1,657 shares during the quarter. Harbour Investments Inc.'s holdings in MicroStrategy were worth $2,746,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC grew its holdings in MicroStrategy by 11.2% during the 4th quarter. Corient Private Wealth LLC now owns 76,779 shares of the software maker's stock valued at $22,237,000 after buying an additional 7,735 shares in the last quarter. Tidemark LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at approximately $213,000. Frank Rimerman Advisors LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at $370,000. United Capital Management of KS Inc. increased its position in MicroStrategy by 28.2% in the fourth quarter. United Capital Management of KS Inc. now owns 28,986 shares of the software maker's stock worth $8,395,000 after purchasing an additional 6,380 shares during the last quarter. Finally, Left Brain Wealth Management LLC purchased a new stake in MicroStrategy during the fourth quarter valued at $468,000. 59.84% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented 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. Barclays dropped their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. One investment 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. According to data from MarketBeat.com, MicroStrategy has an average rating of "Moderate Buy" and an average price target of $536.90.
Read Our Latest Analysis on MSTR
MicroStrategy Trading Down 1.1 %
Shares of MSTR traded down $3.22 during trading hours on Monday, reaching $294.27. 12,961,759 shares of the company traded hands, compared to its average volume of 18,324,582. The stock's fifty day moving average price is $319.90 and its 200 day moving average price is $284.19. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $75.73 billion, a price-to-earnings ratio of -52.24 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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 net margin of 251.73% and a negative return on equity of 19.01%.
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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