Citizens Financial Group Inc. RI Buys New Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Citizens Financial Group Inc. RI purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 807 shares of the software maker’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sage Mountain Advisors LLC acquired a new stake in MicroStrategy in the 4th quarter valued at about $628,000. Vista Investment Partners II LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $4,913,000. Independent Advisor Alliance raised its holdings in MicroStrategy by 32.8% in the fourth quarter. Independent Advisor Alliance now owns 52,985 shares of the software maker’s stock valued at $15,346,000 after acquiring an additional 13,092 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in MicroStrategy in the fourth quarter worth approximately $933,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MicroStrategy by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,719 shares of the software maker’s stock worth $11,214,000 after acquiring an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Maxim Group boosted 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

MSTR stock opened at $297.49 on Friday. 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 company has a market capitalization of $76.56 billion, a P/E ratio of -52.81 and a beta of 3.36. The business has a 50 day simple moving average of $321.59 and a 200-day simple moving average of $281.01. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

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

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.