Kiker Wealth Management LLC Purchases Shares of 2,488 MicroStrategy Incorporated (NASDAQ:MSTR)

Kiker Wealth Management LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, Holdings Channel reports. The fund acquired 2,488 shares of the software maker’s stock, valued at approximately $721,000.

Other hedge funds also recently made changes to their positions in the company. iA Global Asset Management Inc. bought a new position in shares of MicroStrategy in the 4th quarter valued at about $5,713,000. Magnetar Financial LLC bought a new position in MicroStrategy during the 4th quarter worth $2,189,000. Teacher Retirement System of Texas bought a new position in MicroStrategy during the fourth quarter worth about $15,771,000. Sandy Spring Bank acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $36,000. Finally, Royal London Asset Management Ltd. lifted its position in shares of MicroStrategy by 15.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 68,747 shares of the software maker’s stock valued at $19,911,000 after acquiring an additional 9,268 shares during the period. 59.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSTR has been the subject of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, BTIG Research raised their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $302.07 on Friday. 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 twelve month low of $101.00 and a twelve month high of $543.00. The firm has a market cap of $77.74 billion, a P/E ratio of -53.63 and a beta of 3.36. The company has a 50 day moving average of $317.59 and a 200 day moving average of $285.50.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data 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%.

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.