Oppenheimer & Co. Inc. Purchases 9,390 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Oppenheimer & Co. Inc. lifted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 665.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,801 shares of the software maker’s stock after buying an additional 9,390 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in MicroStrategy were worth $3,128,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its holdings 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 acquiring an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the 3rd quarter worth approximately $254,000. Clarity Capital Partners LLC lifted its position in shares of 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 purchasing an additional 13,817 shares during the period. Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the period. Finally, US Bancorp DE raised its stake in MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $255.48 on Friday. The company has a 50 day moving average price of $331.44 and a 200 day moving average price of $272.40. The firm has a market capitalization of $61.23 billion, a P/E ratio of -45.35 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $96.04 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Analyst Ratings Changes

Several brokerages have issued reports on MSTR. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.