Allworth Financial LP Buys 903 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

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

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its position in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Private Wealth Management Group LLC boosted its position in MicroStrategy by 208.8% during the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after purchasing an additional 71 shares during the period. Darwin Wealth Management LLC bought a new stake in MicroStrategy during the third quarter worth approximately $32,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of MicroStrategy during the fourth quarter worth approximately $32,000. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MSTR. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of MSTR stock opened at $323.92 on Friday. The stock’s fifty day moving average is $344.48 and its 200-day moving average is $265.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $77.63 billion, a PE ratio of -57.50 and a beta of 3.25. MicroStrategy Incorporated has a 52 week low of $66.43 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its 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 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.