107 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Purchased by Horrell Capital Management Inc.

Horrell Capital Management Inc. bought a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107 shares of the software maker’s stock, valued at approximately $31,000.

A number of other hedge funds have also made changes to their positions in MSTR. GSA Capital Partners LLP purchased a new stake in shares of MicroStrategy during the third quarter worth approximately $261,000. Empowered Funds LLC acquired a new stake in MicroStrategy during the 3rd quarter worth $440,000. Thrivent Financial for Lutherans grew its holdings in shares of MicroStrategy by 1,486.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after buying an additional 5,069 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of MicroStrategy in the third quarter valued at about $208,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of MicroStrategy in the third quarter worth about $609,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSTR shares. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Up 0.6 %

Shares of MSTR opened at $304.00 on Monday. The company’s 50-day moving average price is $317.11 and its 200 day moving average price is $288.99. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

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.