ZEGA Investments LLC Buys Shares of 1,570 MicroStrategy Incorporated (NASDAQ:MSTR)

ZEGA Investments LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,570 shares of the software maker’s stock, valued at approximately $455,000.

Several other hedge funds have also recently bought and sold shares of MSTR. Riverview Trust Co bought a new position in MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the period. Parkside Financial Bank & Trust increased its holdings in MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares during the period. Finally, Aspect Partners LLC bought a new position in MicroStrategy in the 4th quarter valued at about $28,000. 59.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Up 0.6 %

NASDAQ:MSTR opened at $304.00 on Friday. The firm’s 50 day simple moving average is $317.11 and its 200 day simple moving average is $286.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a market cap of $78.24 billion, a PE ratio of -53.97 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) 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%.

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.