Vontobel Holding Ltd. raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 32.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,713 shares of the software maker's stock after acquiring an additional 8,003 shares during the quarter. Vontobel Holding Ltd.'s holdings in MicroStrategy were worth $9,474,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MSTR. Private Wealth Management Group LLC lifted its position 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 buying an additional 71 shares during the last quarter. Activest Wealth Management bought a new position in shares of MicroStrategy in the 4th quarter worth about $33,000. SOA Wealth Advisors LLC. bought a new position in shares of MicroStrategy in the 4th quarter worth about $37,000. Versant Capital Management Inc lifted its position in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after buying an additional 39 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after buying an additional 145 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
MSTR has been the topic of a number of recent research reports. 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 report on Thursday, February 6th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $536.90.
Check Out Our Latest Analysis on MicroStrategy
MicroStrategy Price Performance
MicroStrategy stock traded down $15.30 during trading hours on Wednesday, hitting $318.67. 16,322,789 shares of the company traded hands, compared to its average volume of 16,711,410. The firm has a market cap of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25. 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 firm's 50-day simple moving average is $347.70 and its two-hundred day simple moving average is $265.13. MicroStrategy Incorporated has a 1-year low of $66.43 and a 1-year high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released 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 net margin of 251.73% and a negative return on equity of 19.01%.
Insider Transactions at MicroStrategy
In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 9.16% of the company's stock.
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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