Lifeworks Advisors LLC Grows Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Lifeworks Advisors LLC raised its stake in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) by 225.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,347 shares of the software maker's stock after buying an additional 3,011 shares during the quarter. Lifeworks Advisors LLC's holdings in MicroStrategy were worth $1,259,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. National Bank of Canada FI grew its stake in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in MicroStrategy in the fourth quarter worth approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy during the 3rd quarter worth approximately $254,000. Clarity Capital Partners LLC increased its position in shares of MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

MicroStrategy Stock Performance

MicroStrategy stock traded up $21.32 during mid-day trading on Tuesday, reaching $260.59. 21,974,922 shares of the company were exchanged, compared to its average volume of 18,877,139. The firm's 50-day simple moving average is $324.29 and its two-hundred day simple moving average is $279.42. 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 $67.06 billion, a PE ratio of -46.26 and a beta of 3.36. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSTR shares. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Compass Point raised MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald raised their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Finally, TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MicroStrategy presently has an average 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.