Horizon Kinetics Asset Management LLC Sells 27,590 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Horizon Kinetics Asset Management LLC decreased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,315 shares of the software maker's stock after selling 27,590 shares during the quarter. MicroStrategy comprises about 0.6% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 17th biggest holding. Horizon Kinetics Asset Management LLC owned about 0.07% of MicroStrategy worth $47,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after buying an additional 39 shares during the last quarter. WR Wealth Planners LLC boosted its stake in shares of MicroStrategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after acquiring an additional 48 shares during the period. Sterling Investment Advisors Ltd. increased its holdings in shares of MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock worth $1,558,000 after acquiring an additional 50 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in MicroStrategy by 2.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after acquiring an additional 50 shares during the period. Institutional investors own 59.84% of the company's stock.

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MicroStrategy Price Performance

Shares of NASDAQ MSTR traded down $3.22 during mid-day trading on Monday, reaching $294.27. The company had a trading volume of 12,961,759 shares, compared to its average volume of 18,324,582. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The business's 50-day simple moving average is $319.90 and its 200 day simple moving average is $284.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. 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 (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Cantor Fitzgerald increased 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 began coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Finally, Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Profile

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.