Financial Perspectives Inc Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Financial Perspectives Inc purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The fund purchased 167 shares of the software maker’s stock, valued at approximately $48,000.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI grew 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 worth $3,481,000 after buying an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at approximately $254,000. Clarity Capital Partners LLC boosted its position in shares of MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Wellington Management Group LLP grew its position in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares during the period. Finally, US Bancorp DE grew its holdings in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSTR shares. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Down 4.6 %

Shares of MicroStrategy stock opened at $318.67 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25. MicroStrategy Incorporated has a 1-year low of $66.43 and a 1-year high of $543.00. The business’s fifty day moving average price is $345.85 and its two-hundred day moving average price is $265.51.

MicroStrategy (NASDAQ:MSTR) last issued its 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 net margin of 251.73% and a negative return on equity of 19.01%.

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.