Associated Banc Corp decreased its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 980 shares of the software maker's stock after selling 1,370 shares during the period. Associated Banc Corp's holdings in MicroStrategy were worth $284,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of MicroStrategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust raised its position in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Aspect Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth about $28,000. Finally, Private Wealth Management Group LLC raised its position in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.
MicroStrategy Trading Down 3.0 %
MicroStrategy stock traded down $8.92 during trading on Tuesday, reaching $285.35. The company had a trading volume of 11,711,664 shares, compared to its average volume of 18,350,802. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The stock's 50 day moving average price is $319.90 and its two-hundred day moving average price is $284.19. The firm has a market capitalization of $73.44 billion, a price-to-earnings ratio of -50.50 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its 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 net margin of 251.73% and a negative return on equity of 19.01%.
Wall Street Analysts Forecast Growth
MSTR has been the subject of a number of research reports. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
View Our Latest Stock Report on MicroStrategy
MicroStrategy Company Profile
(
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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