Hopwood Financial Services Inc. Takes $51,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Hopwood Financial Services Inc. purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 175 shares of the software maker’s stock, valued at approximately $51,000.

A number of other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI lifted its holdings in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in MicroStrategy during the 4th quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. purchased a new stake in MicroStrategy during the 3rd quarter worth about $254,000. Clarity Capital Partners LLC lifted its holdings in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $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 Price Performance

Shares of MicroStrategy stock opened at $262.55 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $67.57 billion, a PE ratio of -46.61 and a beta of 3.36. The business’s 50-day moving average price is $323.17 and its 200-day moving average price is $280.08. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSTR. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Maxim Group raised their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research 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. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy 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.