Avantax Advisory Services Inc. Sells 2,232 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Avantax Advisory Services Inc. reduced its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,098 shares of the software maker’s stock after selling 2,232 shares during the quarter. Avantax Advisory Services Inc.’s holdings in MicroStrategy were worth $12,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc grew its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. WR Wealth Planners LLC increased its position in shares of MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after buying an additional 48 shares in the last quarter. Sterling Investment Advisors Ltd. raised its stake in MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock worth $1,558,000 after buying an additional 50 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in MicroStrategy by 2.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker’s stock worth $594,000 after acquiring an additional 50 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Finally, Barclays dropped their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One 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. According to MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Up 0.8 %

Shares of MSTR stock opened at $262.55 on Thursday. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a 50-day simple moving average of $323.17 and a two-hundred day simple moving average of $280.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of -46.61 and a beta of 3.36.

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

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.