Sequoia Financial Advisors LLC Increases Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Sequoia Financial Advisors LLC increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 22.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,935 shares of the software maker’s stock after acquiring an additional 1,089 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in MicroStrategy were worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 last quarter. 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 last quarter. WR Wealth Planners LLC lifted its stake in MicroStrategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after purchasing an additional 48 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in MicroStrategy by 0.9% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 50 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its stake in MicroStrategy by 2.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker’s stock worth $594,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSTR shares. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group boosted 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. Finally, Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. 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 MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Up 13.0 %

NASDAQ:MSTR opened at $297.49 on Friday. The firm has a market cap of $76.56 billion, a P/E ratio of -52.81 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $321.59 and its 200-day simple moving average is $281.01. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its 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%.

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.