1,013 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Black Diamond Financial LLC

Black Diamond Financial LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The fund purchased 1,013 shares of the software maker’s stock, valued at approximately $293,000.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. lifted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Aspect Partners LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC lifted its position in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after buying an additional 71 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. TD Cowen boosted 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 boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Down 7.5 %

Shares of MicroStrategy stock opened at $299.69 on Monday. The company has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a one year low of $67.81 and a one year high of $543.00. The firm has a fifty day moving average of $342.30 and a two-hundred day moving average of $269.01.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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.