MicroStrategy Incorporated (NASDAQ:MSTR) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC grew its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,458 shares of the software maker’s stock after acquiring an additional 715 shares during the quarter. Larson Financial Group LLC’s holdings in MicroStrategy were worth $712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MSTR. National Bank of Canada FI boosted 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 bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MicroStrategy during the third quarter worth approximately $254,000. Clarity Capital Partners LLC grew its holdings in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after buying an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 6,104 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. One equities 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Trading Down 5.6 %

Shares of NASDAQ:MSTR opened at $287.18 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.36. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a 50 day moving average price of $325.57 and a 200 day moving average price of $278.68.

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

About MicroStrategy

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.