SVB Wealth LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

SVB Wealth LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel reports. The fund bought 5,094 shares of the software maker’s stock, valued at approximately $1,475,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI boosted its holdings in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in MicroStrategy during the fourth quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. purchased a new stake in MicroStrategy during the third quarter worth about $254,000. Clarity Capital Partners LLC boosted its holdings in MicroStrategy by 122.3% during the fourth 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 in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in MicroStrategy by 979.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $255.48 on Monday. The firm has a 50 day simple moving average of $331.44 and a 200-day simple moving average of $273.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market cap of $61.23 billion, a PE ratio of -45.35 and a beta of 3.25. MicroStrategy Incorporated has a 1-year low of $96.04 and a 1-year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data 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%.

Wall Street Analyst Weigh In

A number of analysts recently commented on MSTR shares. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. 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 MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average price target 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.