Associated Banc Corp reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 980 shares of the software maker's stock after selling 1,370 shares during the quarter. Associated Banc Corp's holdings in MicroStrategy were worth $284,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its holdings in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after buying an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $81,783,000. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy during the 3rd quarter worth approximately $254,000. Clarity Capital Partners LLC boosted its holdings in shares of MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after buying an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MSTR shares. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell 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.com, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.
Check Out Our Latest Analysis on MicroStrategy
MicroStrategy Trading Down 1.1 %
MicroStrategy stock traded down $3.22 during trading hours on Monday, reaching $294.27. The company had a trading volume of 12,961,759 shares, compared to its average volume of 18,324,582. 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 company has a 50-day moving average price of $319.90 and a 200 day moving average price of $284.19. The firm has a market cap of $75.73 billion, a price-to-earnings ratio of -52.24 and a beta of 3.36. 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 earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
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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