Whittier Trust Co. Sells 40 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Whittier Trust Co. trimmed its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,850 shares of the software maker’s stock after selling 40 shares during the quarter. Whittier Trust Co.’s holdings in MicroStrategy were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MSTR. GSA Capital Partners LLP bought a new stake in MicroStrategy in the third quarter worth $261,000. Oppenheimer & Co. Inc. bought a new stake in shares of MicroStrategy in the 3rd quarter valued at about $238,000. Empowered Funds LLC purchased a new stake in MicroStrategy during the 3rd quarter valued at about $440,000. Thrivent Financial for Lutherans grew its position in MicroStrategy by 1,486.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after acquiring an additional 5,069 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in MicroStrategy in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Mizuho assumed coverage on MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Cantor Fitzgerald increased 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. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Finally, Barclays reduced their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

MicroStrategy stock opened at $304.00 on Friday. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The stock’s 50 day simple moving average is $317.11 and its two-hundred day simple moving average is $287.84. 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 market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

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

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.