Cascade Financial Partners LLC Sells 100 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Cascade Financial Partners LLC decreased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,900 shares of the software maker’s stock after selling 100 shares during the period. Cascade Financial Partners LLC’s holdings in MicroStrategy were worth $550,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of MicroStrategy in the fourth quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in MicroStrategy during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. boosted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new position in shares of MicroStrategy in the 4th quarter worth approximately $28,000. Institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of research analyst reports. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald boosted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. One research 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 a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 8.9 %

MicroStrategy stock opened at $260.59 on Wednesday. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $67.06 billion, a PE ratio of -46.26 and a beta of 3.36. The stock’s fifty day moving average is $323.71 and its two-hundred day moving average is $280.20.

MicroStrategy (NASDAQ:MSTR) last released 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%.

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.