15,202 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 15,202 shares of the software maker’s stock, valued at approximately $4,403,000. MicroStrategy accounts for approximately 4.3% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s investment portfolio, making the stock its 5th biggest position.

Other large investors have also recently bought and sold shares of the company. QRG Capital Management Inc. purchased a new stake in shares of MicroStrategy in the 3rd quarter valued at about $295,000. Amalgamated Bank increased its position in shares of MicroStrategy by 862.3% in the third quarter. Amalgamated Bank now owns 8,372 shares of the software maker’s stock worth $1,412,000 after purchasing an additional 7,502 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of MicroStrategy by 781.4% in the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after buying an additional 41,209 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy during the 3rd quarter worth $27,000. Finally, Mesirow Financial Investment Management Inc. grew its position in MicroStrategy by 900.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after acquiring an additional 1,800 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSTR. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. TD Cowen increased their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Canaccord Genuity Group cut 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. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 8.9 %

Shares of NASDAQ MSTR opened at $260.59 on Wednesday. The firm’s fifty day moving average is $323.71 and its 200 day moving average is $280.20. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market cap of $67.06 billion, a price-to-earnings ratio of -46.26 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.