GR Financial Group LLC Purchases New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

GR Financial Group LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel reports. The fund acquired 910 shares of the software maker’s stock, valued at approximately $264,000. MicroStrategy makes up 0.0% of GR Financial Group LLC’s investment portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently bought and sold shares of MSTR. National Bank of Canada FI raised its holdings in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy during the third quarter valued at approximately $254,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSTR has been the topic of several analyst reports. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

Shares of MSTR opened at $250.92 on Tuesday. The stock has a market capitalization of $64.57 billion, a PE ratio of -44.54 and a beta of 3.25. The business’s fifty day moving average price is $329.82 and its 200 day moving average price is $274.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.