Independent Advisor Alliance Raises Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Independent Advisor Alliance boosted its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 32.8% in the 4th quarter, Holdings Channel reports. The firm owned 52,985 shares of the software maker’s stock after purchasing an additional 13,092 shares during the period. Independent Advisor Alliance’s holdings in MicroStrategy were worth $15,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Finally, Maxim Group lifted 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. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

Shares of MSTR stock opened at $287.18 on Monday. 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 Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.36. The stock has a 50-day moving average price of $325.57 and a 200 day moving average price of $278.68.

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

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.