MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management lessened its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,859 shares of the software maker’s stock after selling 51 shares during the period. Hollencrest Capital Management’s holdings in MicroStrategy were worth $538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MSTR. National Bank of Canada FI raised its stake in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in MicroStrategy during the 4th quarter valued at $81,783,000. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC raised its stake in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 13,817 shares during the period. Finally, Wellington Management Group LLP raised its stake in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Trading Up 8.9 %

MicroStrategy stock opened at $260.59 on Wednesday. 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 company has a market capitalization of $67.06 billion, a price-to-earnings ratio of -46.26 and a beta of 3.36. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company’s fifty day moving average price is $323.71 and its two-hundred day moving average price is $280.20.

MicroStrategy (NASDAQ:MSTR) last released 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSTR shares. Cantor Fitzgerald upped their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy 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.