Left Brain Wealth Management LLC Makes New $468,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Left Brain Wealth Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,615 shares of the software maker’s stock, valued at approximately $468,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC grew its position in MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc grew its position in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the period. WR Wealth Planners LLC grew its position in shares of MicroStrategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after acquiring an additional 48 shares during the period. Sterling Investment Advisors Ltd. grew its position in shares of MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after acquiring an additional 50 shares during the period. Finally, Mesirow Financial Investment Management Inc. grew its position in shares of MicroStrategy by 2.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker’s stock valued at $594,000 after acquiring an additional 50 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 0.3 %

MSTR opened at $263.26 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company’s 50 day simple moving average is $323.17 and its two-hundred day simple moving average is $280.08. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The firm has a market capitalization of $67.75 billion, a price-to-earnings ratio of -46.74 and a beta of 3.36.

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 return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of analyst reports. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Maxim Group raised their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Cantor Fitzgerald raised their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Mizuho assumed coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.