Tejara Capital Ltd Invests $290,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Tejara Capital Ltd purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel reports. The fund purchased 1,000 shares of the software maker’s stock, valued at approximately $290,000.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its position in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $107,855,000 after acquiring an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Swiss National Bank raised its position in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares in the last quarter. Finally, Amundi raised its position in MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Price Performance

Shares of MSTR opened at $294.27 on Tuesday. The stock has a market capitalization of $75.73 billion, a P/E ratio of -52.24 and a beta of 3.36. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a 50 day moving average of $319.90 and a 200-day moving average of $284.19. 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 (NASDAQ:MSTR) last released 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%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MSTR shares. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. 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, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.