Pine Valley Investments Ltd Liability Co Takes $748,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Pine Valley Investments Ltd Liability Co acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,582 shares of the software maker’s stock, valued at approximately $748,000.

A number of other large investors have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC lifted its stake in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc lifted its stake in MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the period. Masso Torrence Wealth Management Inc. lifted its stake in MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after purchasing an additional 65 shares during the period. Finally, Means Investment CO. Inc. lifted its stake in MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $263.27 on Thursday. 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 $63.09 billion, a P/E ratio of -46.74 and a beta of 3.25. The firm has a 50 day simple moving average of $335.34 and a 200 day simple moving average of $270.80. MicroStrategy Incorporated has a fifty-two week low of $84.18 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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%.

Analyst Ratings Changes

MSTR has been the subject of a number of analyst reports. Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated 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. Finally, TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

About MicroStrategy

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.