Xponance Inc. Has $5.37 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Xponance Inc. boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,541 shares of the software maker’s stock after purchasing an additional 4,280 shares during the quarter. Xponance Inc.’s holdings in MicroStrategy were worth $5,370,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its stake 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 valued at $3,481,000 after purchasing an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in MicroStrategy during the 4th quarter valued at $81,783,000. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC raised its stake 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 valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of MicroStrategy by 979.8% in the 3rd 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 in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective 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. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Monness Crespi & Hardt began coverage on shares of MicroStrategy in a research note on Wednesday. They issued a “neutral” rating for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Up 7.4 %

Shares of NASDAQ:MSTR opened at $304.23 on Thursday. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company’s 50-day moving average price is $318.18 and its two-hundred day moving average price is $285.38. 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 firm has a market cap of $78.29 billion, a P/E ratio of -54.01 and a beta of 3.36.

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

About MicroStrategy

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.