MicroStrategy Incorporated (NASDAQ:MSTR) is Wallace Hart LLC’s 4th Largest Position

Wallace Hart LLC lifted its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 70.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,102 shares of the software maker’s stock after purchasing an additional 2,102 shares during the quarter. MicroStrategy comprises about 1.2% of Wallace Hart LLC’s investment portfolio, making the stock its 4th biggest position. Wallace Hart LLC’s holdings in MicroStrategy were worth $1,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI grew its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $81,783,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy during the 3rd quarter valued at $254,000. Clarity Capital Partners LLC increased its holdings in shares of 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 buying an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of 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 buying an additional 6,104 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MSTR shares. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Canaccord Genuity Group decreased their price target 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. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Down 16.7 %

NASDAQ:MSTR opened at $239.27 on Tuesday. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The business’s 50-day simple moving average is $324.29 and its 200 day simple moving average is $279.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $61.58 billion, a price-to-earnings ratio of -42.48 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last released its 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%.

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.