MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd cut its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 53.2% in the 4th quarter, Holdings Channel reports. The fund owned 11,700 shares of the software maker’s stock after selling 13,300 shares during the period. MicroStrategy accounts for about 4.4% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 9th biggest position. Andar Capital Management HK Ltd’s holdings in MicroStrategy were worth $3,389,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy in the fourth quarter worth about $25,000. Parkside Financial Bank & Trust grew its stake in MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC acquired a new position in MicroStrategy in the fourth quarter worth about $28,000. Finally, Private Wealth Management Group LLC grew its stake in MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSTR has been the subject of a number of research reports. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $283.19 on Wednesday. The firm’s 50-day moving average price is $318.73 and its two-hundred day moving average price is $285.25. The stock has a market capitalization of $72.88 billion, a P/E ratio of -50.27 and a beta of 3.36. 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 $101.00 and a 52-week high of $543.00.

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%.

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.