Tejara Capital Ltd Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Tejara Capital Ltd purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,000 shares of the software maker's stock, valued at approximately $290,000.

Other hedge funds have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its stake in MicroStrategy by 215.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 6,310 shares of the software maker's stock valued at $1,828,000 after acquiring an additional 4,310 shares in the last quarter. Argent Advisors Inc. purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $2,462,000. Signaturefd LLC lifted its position in shares of MicroStrategy by 297.8% during the fourth quarter. Signaturefd LLC now owns 2,494 shares of the software maker's stock valued at $722,000 after purchasing an additional 1,867 shares in the last quarter. Parallel Advisors LLC boosted its holdings in MicroStrategy by 224.4% during the fourth quarter. Parallel Advisors LLC now owns 3,637 shares of the software maker's stock worth $1,053,000 after purchasing an additional 2,516 shares during the last quarter. Finally, Cibc World Markets Corp grew its position in MicroStrategy by 34.2% in the 4th quarter. Cibc World Markets Corp now owns 12,336 shares of the software maker's stock worth $3,573,000 after purchasing an additional 3,145 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on MSTR. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group upped their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $536.90.

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MicroStrategy Stock Performance

NASDAQ:MSTR traded up $1.93 on Friday, reaching $304.00. 21,733,655 shares of the company's stock were exchanged, compared to its average volume of 18,096,500. The stock has a fifty day simple moving average of $317.59 and a 200-day simple moving average of $285.50. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. 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 firm has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

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.