Parkside Financial Bank & Trust Has $27,000 Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Parkside Financial Bank & Trust raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 422.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94 shares of the software maker’s stock after buying an additional 76 shares during the period. Parkside Financial Bank & Trust’s holdings in MicroStrategy were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of MicroStrategy by 820.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock valued at $61,000 after acquiring an additional 320 shares during the last quarter. Assenagon Asset Management S.A. raised its position in MicroStrategy by 793.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,565 shares of the software maker’s stock valued at $432,000 after purchasing an additional 2,278 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of MicroStrategy by 139.2% during the third quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the software maker’s stock valued at $669,000 after purchasing an additional 2,310 shares in the last quarter. abrdn plc boosted its stake in shares of MicroStrategy by 11,184.0% during the third quarter. abrdn plc now owns 31,821 shares of the software maker’s stock valued at $5,365,000 after purchasing an additional 31,539 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of MicroStrategy by 94.2% during the third quarter. Pinnacle Associates Ltd. now owns 2,907 shares of the software maker’s stock worth $490,000 after purchasing an additional 1,410 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MSTR. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Down 1.8 %

Shares of MicroStrategy stock opened at $250.92 on Tuesday. The stock’s 50-day moving average is $329.82 and its 200 day moving average is $274.23. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The firm has a market cap of $64.57 billion, a price-to-earnings ratio of -44.54 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.