Tidemark LLC Makes New $213,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Tidemark LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 734 shares of the software maker’s stock, valued at approximately $213,000.

Several other hedge funds also recently modified their holdings of the stock. Frank Rimerman Advisors LLC bought a new stake in MicroStrategy in the fourth quarter valued at $370,000. United Capital Management of KS Inc. grew its stake in shares of MicroStrategy by 28.2% in the 4th quarter. United Capital Management of KS Inc. now owns 28,986 shares of the software maker’s stock valued at $8,395,000 after buying an additional 6,380 shares during the period. Left Brain Wealth Management LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $468,000. Commonwealth Equity Services LLC raised its stake in MicroStrategy by 0.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 227,245 shares of the software maker’s stock worth $65,815,000 after buying an additional 1,714 shares during the period. Finally, DecisionMap Wealth Management LLC bought a new position in MicroStrategy in the fourth quarter worth approximately $815,000. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MSTR shares. Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $297.49 on Friday. The company has a market capitalization of $76.56 billion, a P/E ratio of -52.81 and a beta of 3.36. The company’s 50-day moving average is $321.59 and its 200 day moving average is $281.99. 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 Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its earnings results 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 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.