Global Retirement Partners LLC Trims Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Global Retirement Partners LLC reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,832 shares of the software maker’s stock after selling 452 shares during the period. Global Retirement Partners LLC’s holdings in MicroStrategy were worth $4,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in MicroStrategy in the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the period. Private Wealth Management Group LLC raised its holdings in MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares during the period. Darwin Wealth Management LLC purchased a new stake in MicroStrategy in the 3rd quarter valued at about $32,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in MicroStrategy in the 4th quarter valued at about $32,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MSTR. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald lifted 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. Finally, Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $318.67 on Thursday. MicroStrategy Incorporated has a one year low of $66.43 and a one year high of $543.00. The company has a market cap of $76.37 billion, a PE ratio of -56.57 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. The business has a 50-day simple moving average of $345.85 and a 200-day simple moving average of $265.51.

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

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.