MicroStrategy Incorporated (NASDAQ:MSTR) is Compass Ion Advisors LLC’s 10th Largest Position

Compass Ion Advisors LLC lowered its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 41.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,678 shares of the software maker’s stock after selling 37,707 shares during the period. MicroStrategy accounts for 1.8% of Compass Ion Advisors LLC’s holdings, making the stock its 10th biggest position. Compass Ion Advisors LLC’s holdings in MicroStrategy were worth $15,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Riverview Trust Co purchased a new position in shares of MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth $25,000. Sunbelt Securities Inc. raised its holdings in shares of MicroStrategy by 900.0% during the third 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 last quarter. Parkside Financial Bank & Trust raised its holdings in shares of MicroStrategy by 422.2% during the fourth 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 last quarter. Finally, Aspect Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSTR shares. Barclays reduced their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald raised their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

MSTR opened at $283.19 on Wednesday. The firm has a market capitalization of $72.88 billion, a PE ratio of -50.27 and a beta of 3.36. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The firm’s 50-day moving average price is $318.73 and its 200 day moving average price is $285.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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.