Schechter Investment Advisors LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Schechter Investment Advisors LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,120 shares of the software maker’s stock, valued at approximately $324,000.

Several other large investors also recently added to or reduced their stakes in MSTR. SBI Securities Co. Ltd. bought a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $11,020,000. Riverview Trust Co purchased a new stake in MicroStrategy during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. lifted its position in MicroStrategy by 761.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 543 shares of the software maker’s stock worth $157,000 after buying an additional 480 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in MicroStrategy by 107.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 742 shares of the software maker’s stock worth $225,000 after buying an additional 384 shares during the period. Finally, Capital Wealth Planning LLC increased its position in MicroStrategy by 352.8% during the fourth quarter. Capital Wealth Planning LLC now owns 1,037 shares of the software maker’s stock valued at $300,000 after acquiring an additional 808 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $308.55 on Thursday. The firm has a market cap of $79.41 billion, a price-to-earnings ratio of -54.78 and a beta of 3.25. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $328.15 and its 200 day moving average is $275.23.

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

MicroStrategy 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.