Maripau Wealth Management LLC Buys New Shares in MicroStrategy Incorporated (NASDAQ:MSTR)

Maripau Wealth Management LLC bought a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,161 shares of the software maker’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC bought a new position in shares of MicroStrategy in the fourth quarter valued at $1,475,000. Parkside Financial Bank & Trust boosted its position in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the period. QRG Capital Management Inc. boosted its position in MicroStrategy by 119.1% during the fourth quarter. QRG Capital Management Inc. now owns 3,829 shares of the software maker’s stock worth $1,109,000 after purchasing an additional 2,081 shares during the period. Proficio Capital Partners LLC bought a new position in MicroStrategy during the fourth quarter worth $81,783,000. Finally, Oppenheimer & Co. Inc. boosted its position in MicroStrategy by 665.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 10,801 shares of the software maker’s stock worth $3,128,000 after purchasing an additional 9,390 shares during the period. 59.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Cantor Fitzgerald boosted their target price 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. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Up 6.4 %

MSTR stock opened at $255.48 on Friday. The company has a market cap of $61.23 billion, a PE ratio of -45.35 and a beta of 3.25. The business has a 50-day simple moving average of $331.44 and a 200 day simple moving average of $271.44. MicroStrategy Incorporated has a 52 week low of $96.04 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.

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