ICICI Prudential Asset Management Co Ltd Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

ICICI Prudential Asset Management Co Ltd purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,383 shares of the software maker's stock, valued at approximately $690,000.

Several other large investors have also modified their holdings of the stock. National Bank of Canada FI lifted its holdings in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after acquiring an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy in the third quarter worth about $254,000. Clarity Capital Partners LLC lifted its holdings in MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after acquiring an additional 13,817 shares during the last quarter. Wellington Management Group LLP lifted its holdings in MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock worth $717,000 after acquiring an additional 3,773 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

MicroStrategy Price Performance

Shares of NASDAQ MSTR traded down $24.23 during mid-day trading on Friday, reaching $299.69. 17,854,873 shares of the company traded hands, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a fifty-two week low of $67.81 and a fifty-two week high of $543.00. 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 market cap of $71.82 billion, a PE ratio of -53.20 and a beta of 3.25. The stock has a fifty day simple moving average of $342.30 and a 200-day simple moving average of $267.09.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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 brokerages have issued reports on MSTR. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Benchmark restated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $536.90.

MicroStrategy Company 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.