Parallel Advisors LLC Boosts Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Parallel Advisors LLC boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 224.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,637 shares of the software maker's stock after acquiring an additional 2,516 shares during the period. Parallel Advisors LLC's holdings in MicroStrategy were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MSTR. Principal Financial Group Inc. grew its stake in MicroStrategy by 781.4% in the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker's stock valued at $7,837,000 after acquiring an additional 41,209 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of MicroStrategy during the 3rd quarter worth about $261,000. Victory Capital Management Inc. boosted its stake in shares of MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker's stock worth $9,750,000 after purchasing an additional 52,016 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter worth about $238,000. Finally, CIBC Asset Management Inc boosted its stake in shares of MicroStrategy by 935.8% during the 3rd quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker's stock worth $732,000 after purchasing an additional 3,921 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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MicroStrategy Trading Up 0.6 %

Shares of MSTR traded up $1.93 during mid-day trading on Friday, hitting $304.00. The company had a trading volume of 21,733,655 shares, compared to its average volume of 18,026,994. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The business's 50-day simple moving average is $317.11 and its 200-day simple moving average is $287.84. 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 has a market cap of $78.24 billion, a PE ratio of -53.97 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

Several research firms have issued reports on MSTR. Canaccord Genuity Group decreased 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 raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a research note on Wednesday. They set a "neutral" rating on the stock. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $536.90.

MicroStrategy Company 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.