EverSource Wealth Advisors LLC Cuts Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

EverSource Wealth Advisors LLC reduced its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,716 shares of the software maker’s stock after selling 2,848 shares during the period. EverSource Wealth Advisors LLC’s holdings in MicroStrategy were worth $6,579,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of MicroStrategy in the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy in the third quarter worth $27,000. Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC bought a new position in shares of MicroStrategy during the fourth quarter valued at about $28,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Cantor Fitzgerald upped their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

MSTR opened at $260.59 on Wednesday. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $323.71 and its 200 day moving average price is $280.20. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of -46.26 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

About MicroStrategy

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.