Avantax Planning Partners Inc. Purchases Shares of 1,175 MicroStrategy Incorporated (NASDAQ:MSTR)

Avantax Planning Partners Inc. purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,175 shares of the software maker’s stock, valued at approximately $340,000.

A number of other institutional investors have also bought and sold shares of MSTR. Amalgamated Bank raised its holdings in shares of MicroStrategy by 862.3% during the third quarter. Amalgamated Bank now owns 8,372 shares of the software maker’s stock valued at $1,412,000 after purchasing an additional 7,502 shares during the period. Principal Financial Group Inc. raised its holdings in shares of MicroStrategy by 781.4% during the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock valued at $7,837,000 after purchasing an additional 41,209 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in shares of MicroStrategy by 900.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker’s stock valued at $337,000 after purchasing an additional 1,800 shares during the period. Sigma Planning Corp raised its holdings in shares of MicroStrategy by 1,086.8% during the third quarter. Sigma Planning Corp now owns 4,498 shares of the software maker’s stock valued at $758,000 after purchasing an additional 4,119 shares during the period. Finally, Axxcess Wealth Management LLC raised its holdings in shares of MicroStrategy by 900.0% during the third quarter. Axxcess Wealth Management LLC now owns 2,000 shares of the software maker’s stock valued at $337,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group increased their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Up 0.8 %

MicroStrategy stock opened at $262.55 on Thursday. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm has a 50 day moving average price of $323.17 and a 200-day moving average price of $280.08. The company has a market capitalization of $67.57 billion, a P/E ratio of -46.61 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

MicroStrategy Company 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.