Horizon Kinetics Asset Management LLC Sells 27,590 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Horizon Kinetics Asset Management LLC lessened its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,315 shares of the software maker’s stock after selling 27,590 shares during the quarter. MicroStrategy comprises 0.6% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Horizon Kinetics Asset Management LLC owned about 0.07% of MicroStrategy worth $47,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc increased its stake in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the last quarter. WR Wealth Planners LLC increased its stake in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after buying an additional 48 shares during the last quarter. Sterling Investment Advisors Ltd. increased its stake in MicroStrategy by 0.9% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after buying an additional 50 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its stake in MicroStrategy by 2.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker’s stock valued at $594,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Up 13.0 %

MSTR opened at $297.49 on Monday. The company has a 50 day moving average of $321.59 and a 200 day moving average of $283.05. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company has a market cap of $76.56 billion, a PE ratio of -52.81 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

Several research firms have commented on MSTR. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Barclays reduced their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Cantor Fitzgerald increased their target price 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. Finally, Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $536.90.

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.