Horizon Kinetics Asset Management LLC lowered its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,315 shares of the software maker's stock after selling 27,590 shares during the period. MicroStrategy accounts for approximately 0.6% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 17th biggest holding. Horizon Kinetics Asset Management LLC owned 0.07% of MicroStrategy worth $47,879,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in MSTR. Riverview Trust Co bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $25,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Aspect Partners LLC purchased a new position in MicroStrategy during the 4th quarter valued at about $28,000. 59.84% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on MSTR. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Check Out Our Latest Report on MicroStrategy
MicroStrategy Stock Performance
NASDAQ MSTR traded down $11.08 on Tuesday, hitting $283.19. 15,051,463 shares of the company traded hands, compared to its average volume of 18,363,624. The business's 50 day moving average price is $319.90 and its 200-day moving average price is $284.19. The company has a market capitalization of $72.88 billion, a price-to-earnings ratio of -50.27 and a beta of 3.36. 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 Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.
MicroStrategy Profile
(
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.
See Also
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
