MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,050 shares of the software maker’s stock after selling 4,800 shares during the period. New York State Common Retirement Fund’s holdings in MicroStrategy were worth $23,763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSTR. Allspring Global Investments Holdings LLC raised its stake in MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after acquiring an additional 320 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of MicroStrategy by 1,537.2% during the third quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after purchasing an additional 4,550 shares during the last quarter. Signaturefd LLC increased its position in shares of MicroStrategy by 1,154.0% during the third quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock worth $106,000 after purchasing an additional 577 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of MicroStrategy by 1,579.6% in the 3rd quarter. Private Advisor Group LLC now owns 26,101 shares of the software maker’s stock valued at $4,401,000 after purchasing an additional 24,547 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $299.69 on Friday. MicroStrategy Incorporated has a 52 week low of $67.81 and a 52 week high of $543.00. The company has a 50-day moving average price of $342.30 and a 200 day moving average price of $267.09. The company has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. 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 posted its quarterly earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Ratings Changes

MSTR has been the topic of several research analyst reports. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus 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.