Synergy Financial Group LTD Buys New Shares in MicroStrategy Incorporated (NASDAQ:MSTR)

Synergy Financial Group LTD purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, HoldingsChannel reports. The fund purchased 820 shares of the software maker’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSTR. Aspect Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at about $28,000. Private Wealth Management Group LLC increased its stake in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in MicroStrategy in the 4th quarter valued at approximately $32,000. First Horizon Advisors Inc. bought a new stake in shares of MicroStrategy in the 4th quarter worth approximately $32,000. Finally, Activest Wealth Management acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $33,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $282.76 on Tuesday. The stock has a market capitalization of $67.76 billion, a P/E ratio of -50.20 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 1 year low of $68.79 and a 1 year high of $543.00. The firm has a 50 day moving average of $339.79 and a 200-day moving average of $270.04.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Maxim Group increased their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

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.