Wallace Hart LLC Has $1.48 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Wallace Hart LLC boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 70.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,102 shares of the software maker's stock after acquiring an additional 2,102 shares during the period. MicroStrategy comprises approximately 1.2% of Wallace Hart LLC's holdings, making the stock its 4th biggest holding. Wallace Hart LLC's holdings in MicroStrategy were worth $1,478,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of MicroStrategy in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust raised its position 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 buying an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new stake in MicroStrategy during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSTR shares. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. Barclays dropped their price objective 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 reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $536.90.

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MicroStrategy Stock Performance

MSTR traded up $1.70 during trading hours on Wednesday, hitting $262.29. 11,370,209 shares of the stock were exchanged, compared to its average volume of 18,760,515. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of -46.43 and a beta of 3.36. The stock has a 50-day simple moving average of $323.71 and a 200-day simple moving average of $280.20. 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%.

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.