Proficio Capital Partners LLC Acquires Shares of 282,380 MicroStrategy Incorporated (NASDAQ:MSTR)

Proficio Capital Partners LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 282,380 shares of the software maker's stock, valued at approximately $81,783,000. Proficio Capital Partners LLC owned approximately 0.12% of MicroStrategy as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSTR. Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy during the 3rd quarter valued at $27,000. Sunbelt Securities Inc. raised its holdings in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares during the period. Aspect Partners LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at about $28,000. Private Wealth Management Group LLC boosted its stake in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker's stock worth $30,000 after acquiring an additional 71 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of MicroStrategy in the third quarter worth about $32,000. Institutional investors own 59.84% of the company's stock.

MicroStrategy Trading Down 1.8 %

Shares of NASDAQ MSTR traded down $4.51 during trading hours on Monday, hitting $250.92. 30,342,680 shares of the company traded hands, compared to its average volume of 17,660,748. The stock has a market capitalization of $60.13 billion, a price-to-earnings ratio of -44.54 and a beta of 3.25. The company's 50 day moving average price is $331.44 and its 200 day moving average price is $273.40. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results 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 return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MSTR shares. 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. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Benchmark restated a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Moderate Buy" and an average price target of $536.90.

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.