Laidlaw Wealth Management LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,347 shares of the software maker's stock, valued at approximately $390,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning boosted its position in shares of MicroStrategy by 1,294.2% in the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker's stock worth $15,138,000 after purchasing an additional 83,344 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of MicroStrategy by 820.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker's stock worth $61,000 after purchasing an additional 320 shares in the last quarter. Whittier Trust Co. boosted its position in shares of MicroStrategy by 921.6% in the 3rd quarter. Whittier Trust Co. now owns 1,890 shares of the software maker's stock worth $319,000 after purchasing an additional 1,705 shares in the last quarter. Shariaportfolio Inc. boosted its position in shares of MicroStrategy by 1,121.2% in the 3rd quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker's stock worth $19,705,000 after purchasing an additional 107,303 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of MicroStrategy by 915.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker's stock worth $20,396,000 after purchasing an additional 109,054 shares in the last quarter. Institutional investors own 59.84% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $536.90.
Check Out Our Latest Report on MSTR
MicroStrategy Stock Performance
Shares of MSTR stock traded down $24.23 on Friday, hitting $299.69. The company had a trading volume of 17,854,873 shares, compared to its average volume of 13,013,343. The firm has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The company has a 50-day moving average price of $342.30 and a 200-day moving average price of $267.09. 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 $67.81 and a twelve month high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.
About MicroStrategy
(
Free Report)
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.
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