New York State Common Retirement Fund lessened its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,050 shares of the software maker's stock after selling 4,800 shares during the period. New York State Common Retirement Fund's holdings in MicroStrategy were worth $23,763,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in MSTR. National Bank of Canada FI increased its stake in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy during the third quarter valued at approximately $254,000. Clarity Capital Partners LLC increased its position 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 purchasing an additional 13,817 shares during the last quarter. Wellington Management Group LLP raised its stake 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 purchasing an additional 6,104 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after buying an additional 3,773 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have commented on MSTR shares. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Canaccord Genuity Group cut their target price on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $536.90.
Check Out Our Latest Report on MSTR
MicroStrategy Stock Performance
Shares of MSTR stock traded down $32.25 on Tuesday, hitting $250.51. The company's stock had a trading volume of 31,281,130 shares, compared to its average volume of 17,084,422. MicroStrategy Incorporated has a fifty-two week low of $68.79 and a fifty-two week high of $543.00. The company has a market capitalization of $60.03 billion, a PE ratio of -44.47 and a beta of 3.25. The stock's 50 day moving average is $337.07 and its 200-day moving average is $270.85. 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 announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.
About MicroStrategy
(
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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