Rhumbline Advisers lifted its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,047 shares of the software maker's stock after purchasing an additional 11,628 shares during the quarter. Rhumbline Advisers owned 0.08% of MicroStrategy worth $57,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Private Wealth Management Group LLC increased its holdings in shares of MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after purchasing an additional 71 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of MicroStrategy during the fourth quarter valued at $32,000. Activest Wealth Management bought a new stake in MicroStrategy in the 4th quarter worth about $33,000. SOA Wealth Advisors LLC. purchased a new position in MicroStrategy in the 4th quarter worth about $37,000. Finally, Versant Capital Management Inc lifted its stake in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after acquiring an additional 39 shares during the period. Institutional investors own 59.84% of the company's stock.
MicroStrategy Price Performance
Shares of MSTR traded up $5.25 during trading hours on Thursday, reaching $323.92. 12,270,764 shares of the stock traded hands, compared to its average volume of 16,601,342. The company has a market cap of $77.63 billion, a P/E ratio of -57.50 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $345.85 and its two-hundred day moving average price is $265.51. MicroStrategy Incorporated has a 52-week low of $66.43 and a 52-week high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data 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%.
Analyst Upgrades and Downgrades
MSTR has been the subject of several research reports. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Barclays cut their target price 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. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Get Our Latest Analysis on MSTR
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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