Independent Family Office LLC Sells 3,100 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Independent Family Office LLC lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 75.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the software maker's stock after selling 3,100 shares during the quarter. Independent Family Office LLC's holdings in MicroStrategy were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Axxcess Wealth Management LLC lifted its holdings in MicroStrategy by 215.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 6,310 shares of the software maker's stock worth $1,828,000 after buying an additional 4,310 shares during the period. Argent Advisors Inc. acquired a new position in shares of MicroStrategy in the fourth quarter worth approximately $2,462,000. Signaturefd LLC boosted its holdings in MicroStrategy by 297.8% in the fourth quarter. Signaturefd LLC now owns 2,494 shares of the software maker's stock valued at $722,000 after acquiring an additional 1,867 shares during the last quarter. Parallel Advisors LLC increased its position in MicroStrategy by 224.4% during the 4th quarter. Parallel Advisors LLC now owns 3,637 shares of the software maker's stock valued at $1,053,000 after purchasing an additional 2,516 shares during the period. Finally, Cibc World Markets Corp raised its holdings in MicroStrategy by 34.2% during the 4th quarter. Cibc World Markets Corp now owns 12,336 shares of the software maker's stock worth $3,573,000 after purchasing an additional 3,145 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $1.93 during midday trading on Friday, reaching $304.00. The company's stock had a trading volume of 21,733,655 shares, compared to its average volume of 18,096,497. The stock has a market capitalization of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. 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 50 day moving average price of $317.59 and a 200-day moving average price of $285.50. 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 issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Monness Crespi & Hardt assumed coverage on MicroStrategy in a research note on Wednesday. They set a "neutral" rating for the company. Finally, Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of "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.