Abound Financial LLC Buys Shares of 3,218 MicroStrategy Incorporated (NASDAQ:MSTR)

Abound Financial LLC purchased a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,218 shares of the software maker’s stock, valued at approximately $932,000. MicroStrategy accounts for about 0.5% of Abound Financial LLC’s holdings, making the stock its 29th biggest holding.

Several other hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after purchasing an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Swiss National Bank raised its holdings in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in MicroStrategy by 21.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock worth $120,221,000 after purchasing an additional 71,934 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $299.69 on Friday. The company 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 quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 52 week low of $67.81 and a 52 week high of $543.00. The business has a fifty day simple moving average of $342.30 and a 200-day simple moving average of $268.00.

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