Private Advisor Group LLC Raises Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Private Advisor Group LLC raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,564 shares of the software maker’s stock after buying an additional 7,463 shares during the quarter. Private Advisor Group LLC’s holdings in MicroStrategy were worth $9,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings 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 worth $61,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. grew its position in MicroStrategy by 921.6% in the third quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock worth $319,000 after acquiring an additional 1,705 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in MicroStrategy by 1,537.2% in the third quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after acquiring an additional 4,550 shares in the last quarter. Signaturefd LLC increased its stake in MicroStrategy by 1,154.0% in the third quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock valued at $106,000 after acquiring an additional 577 shares during the last quarter. Finally, Greenleaf Trust purchased a new stake in MicroStrategy during the third quarter valued at about $212,000. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Price Performance

MSTR stock opened at $323.92 on Friday. The stock has a market capitalization of $77.63 billion, a price-to-earnings ratio of -57.50 and a beta of 3.25. The firm’s 50-day moving average price is $344.48 and its two-hundred day moving average price is $265.91. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12-month low of $66.43 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced 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 research firms have recently issued reports on MSTR. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Finally, Barclays decreased their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

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.