MicroStrategy Incorporated (NASDAQ:MSTR) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,783 shares of the software maker’s stock after acquiring an additional 8,512 shares during the quarter. MicroStrategy comprises 4.9% of Rakuten Securities Inc.’s investment portfolio, making the stock its 4th biggest holding. Rakuten Securities Inc.’s holdings in MicroStrategy were worth $12,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its holdings in shares of MicroStrategy by 746.2% in 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 shares of MicroStrategy in the 4th quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at approximately $254,000. Clarity Capital Partners LLC lifted its holdings in shares of MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after buying an additional 13,817 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 8.9 %

MicroStrategy stock opened at $260.59 on Wednesday. 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’s 50-day simple moving average is $323.71 and its 200-day simple moving average is $280.20. The firm has a market capitalization of $67.06 billion, a PE ratio of -46.26 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

MSTR has been the subject of several recent analyst reports. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $536.90.

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.