MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 5.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 82,050 shares of the software maker’s stock after selling 4,800 shares during the period. New York State Common Retirement Fund’s holdings in MicroStrategy were worth $23,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC grew its holdings in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Versant Capital Management Inc grew its stake in MicroStrategy by 38.2% in 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 last quarter. Masso Torrence Wealth Management Inc. increased its holdings in MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after acquiring an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after acquiring an additional 65 shares during the last quarter. Finally, Means Investment CO. Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MSTR. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

MicroStrategy stock opened at $299.69 on Friday. MicroStrategy Incorporated has a 1 year low of $67.81 and a 1 year high of $543.00. 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 firm has a 50 day moving average price of $342.30 and a 200 day moving average price of $267.09. The company has a market cap of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced 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%.

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.