Accuvest Global Advisors Trims Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Accuvest Global Advisors cut its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 68.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,352 shares of the software maker's stock after selling 51,957 shares during the period. MicroStrategy comprises approximately 9.9% of Accuvest Global Advisors' portfolio, making the stock its 2nd biggest holding. Accuvest Global Advisors' holdings in MicroStrategy were worth $7,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MSTR. Creative Planning raised its position in MicroStrategy by 1,294.2% in the third quarter. Creative Planning now owns 89,784 shares of the software maker's stock worth $15,138,000 after acquiring an additional 83,344 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of MicroStrategy by 820.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker's stock worth $61,000 after purchasing an additional 320 shares during the period. Whittier Trust Co. lifted its stake in MicroStrategy by 921.6% in the third quarter. Whittier Trust Co. now owns 1,890 shares of the software maker's stock valued at $319,000 after purchasing an additional 1,705 shares during the last quarter. Shariaportfolio Inc. grew its holdings in MicroStrategy by 1,121.2% during the third quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker's stock valued at $19,705,000 after purchasing an additional 107,303 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in MicroStrategy by 915.2% in the third quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker's stock worth $20,396,000 after buying an additional 109,054 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the subject of several research reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays cut their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. 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. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $536.90.

MicroStrategy Price Performance

Shares of MSTR stock traded down $24.23 during trading on Friday, hitting $299.69. The company had a trading volume of 17,854,873 shares, compared to its average volume of 16,638,439. MicroStrategy Incorporated has a 52 week low of $67.81 and a 52 week high of $543.00. The stock has a market capitalization of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average is $342.30 and its two-hundred day moving average is $267.09.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted 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

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.