Independent Family Office LLC Sells 3,100 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Independent Family Office LLC lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 75.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,000 shares of the software maker’s stock after selling 3,100 shares during the period. Independent Family Office LLC’s holdings in MicroStrategy were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of MicroStrategy during the fourth quarter valued at about $81,783,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MicroStrategy during the third quarter valued at about $254,000. Clarity Capital Partners LLC increased its holdings in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after buying an additional 13,817 shares during the period. Finally, Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares during the period. Institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSTR. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. One 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 company has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

MSTR stock opened at $294.27 on Tuesday. The firm has a market cap of $75.73 billion, a P/E ratio of -52.24 and a beta of 3.36. 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 quick ratio of 0.65 and a current ratio of 0.71. The stock has a 50-day simple moving average of $319.90 and a 200-day simple moving average of $284.19.

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

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.