1,120 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,120 shares of the software maker’s stock, valued at approximately $324,000.

Several other institutional investors have also added to or reduced their stakes in MSTR. SBI Securities Co. Ltd. bought a new position in shares of MicroStrategy during the fourth quarter valued at $11,020,000. Riverview Trust Co bought a new position in MicroStrategy during the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. boosted its holdings in shares of MicroStrategy by 761.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 543 shares of the software maker’s stock valued at $157,000 after acquiring an additional 480 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MicroStrategy by 107.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 742 shares of the software maker’s stock worth $225,000 after acquiring an additional 384 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in shares of MicroStrategy by 352.8% during the fourth quarter. Capital Wealth Planning LLC now owns 1,037 shares of the software maker’s stock valued at $300,000 after purchasing an additional 808 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Maxim Group upped their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group reduced 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. One investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $308.55 on Thursday. The business has a 50-day moving average price of $328.15 and a 200-day moving average price of $275.23. The firm has a market cap of $79.41 billion, a price-to-earnings ratio of -54.78 and a beta of 3.25. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month 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.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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 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.