MicroStrategy Incorporated (NASDAQ:MSTR) Stake Raised by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 123.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,636 shares of the software maker’s stock after buying an additional 903 shares during the period. Allworth Financial LP’s holdings in MicroStrategy were worth $474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new stake in MicroStrategy during the 4th quarter worth about $4,196,000. Principal Securities Inc. raised its holdings in MicroStrategy by 131.5% during the 4th quarter. Principal Securities Inc. now owns 1,211 shares of the software maker’s stock worth $351,000 after buying an additional 688 shares during the period. Everhart Financial Group Inc. acquired a new stake in MicroStrategy during the 4th quarter worth about $392,000. Beacon Capital Management LLC acquired a new stake in MicroStrategy during the 4th quarter worth about $1,020,000. Finally, Covenant Asset Management LLC acquired a new stake in MicroStrategy during the 4th quarter worth about $1,607,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group lowered their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Up 1.6 %

Shares of NASDAQ MSTR opened at $323.92 on Friday. The stock has a market cap of $77.63 billion, a price-to-earnings ratio of -57.50 and a beta of 3.25. The business has a 50 day simple moving average of $344.48 and a 200 day simple moving average of $265.91. MicroStrategy Incorporated has a 52 week low of $66.43 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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