Horizon Kinetics Asset Management LLC cut its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 investment portfolio, making the stock its 17th biggest position. Horizon Kinetics Asset Management LLC owned 0.07% of MicroStrategy worth $47,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its holdings in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after buying an additional 35 shares during the period. Versant Capital Management Inc grew its position in 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 acquiring an additional 39 shares in the last quarter. WR Wealth Planners LLC raised its stake in shares of MicroStrategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after purchasing an additional 48 shares during the period. Sterling Investment Advisors Ltd. lifted its position in shares of MicroStrategy by 0.9% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock worth $1,558,000 after purchasing an additional 50 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of MicroStrategy by 2.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker's stock valued at $594,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy Stock Performance
MSTR traded up $15.54 during trading hours on Wednesday, hitting $298.73. 7,133,865 shares of the stock were exchanged, compared to its average volume of 18,213,985. The stock has a market cap of $76.88 billion, a price-to-earnings ratio of -53.03 and a beta of 3.36. The stock has a 50-day simple moving average of $318.73 and a 200-day simple moving average of $285.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. 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 posted 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 return on equity of 19.01% and a negative net margin of 251.73%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on MSTR shares. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Benchmark reaffirmed a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. BTIG Research increased 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. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Buy" and an average price target of $536.90.
Check Out Our Latest Analysis on MicroStrategy
MicroStrategy 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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