Corient Private Wealth LLC Has $22.24 Million Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Corient Private Wealth LLC raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,779 shares of the software maker’s stock after acquiring an additional 7,735 shares during the period. Corient Private Wealth LLC’s holdings in MicroStrategy were worth $22,237,000 as of its most recent filing with the Securities and Exchange Commission.

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

MicroStrategy Price Performance

NASDAQ:MSTR opened at $283.19 on Wednesday. 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 stock’s 50 day moving average price is $318.73 and its two-hundred day moving average price is $285.25. The firm has a market capitalization of $72.88 billion, a price-to-earnings ratio of -50.27 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MicroStrategy presently has an average rating of “Buy” and a consensus price target of $536.90.

About MicroStrategy

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.