Sanctuary Advisors LLC Has $4.04 Million Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Sanctuary Advisors LLC reduced its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,945 shares of the software maker’s stock after selling 497 shares during the period. Sanctuary Advisors LLC’s holdings in MicroStrategy were worth $4,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MSTR. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 buying an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 567,628 shares during the last quarter. Swiss National Bank grew its holdings in shares of 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 buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after purchasing an additional 314,007 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Maxim Group boosted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Cantor Fitzgerald boosted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $299.69 on Friday. The firm has a market cap of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy Incorporated has a 52 week low of $67.81 and a 52 week high of $543.00. The firm’s 50-day simple moving average is $342.30 and its two-hundred day simple moving average is $267.09.

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

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.