MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Associated Banc Corp

Associated Banc Corp lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 58.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 980 shares of the software maker’s stock after selling 1,370 shares during the period. Associated Banc Corp’s holdings in MicroStrategy were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MSTR. Riverview Trust Co purchased a new position in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth $25,000. Sunbelt Securities Inc. boosted its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Parkside Financial Bank & Trust increased its stake in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new position in MicroStrategy in the 4th quarter worth $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. 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 company’s stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

MSTR opened at $297.49 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $321.59 and its 200 day moving average price is $283.05. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The firm has a market cap of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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.