Navellier & Associates Inc. Acquires 1,159 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Navellier & Associates Inc. increased its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 31.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,798 shares of the software maker’s stock after purchasing an additional 1,159 shares during the quarter. Navellier & Associates Inc.’s holdings in MicroStrategy were worth $1,390,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. GPS Wealth Strategies Group LLC increased its stake in MicroStrategy by 3.2% during the 4th 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 in the last quarter. Versant Capital Management Inc grew its stake in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its stake in shares of MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after acquiring an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after acquiring an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. grew its stake in shares of MicroStrategy by 2.2% during the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after acquiring an additional 67 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Trading Down 7.5 %

Shares of MicroStrategy stock opened at $299.69 on Friday. The business has a fifty day simple moving average of $342.30 and a two-hundred day simple moving average of $268.00. MicroStrategy Incorporated has a 1 year low of $67.81 and a 1 year high of $543.00. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of -53.20 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 announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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.