Sage Mountain Advisors LLC Purchases New Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Sage Mountain Advisors LLC acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,170 shares of the software maker’s stock, valued at approximately $628,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MicroStrategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after acquiring an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after acquiring an additional 579,994 shares during the last quarter. Amundi raised its position in MicroStrategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares during the period. Finally, Swiss National Bank lifted its stake in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Trading Up 8.9 %

NASDAQ:MSTR opened at $260.59 on Wednesday. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a market cap of $67.06 billion, a PE ratio of -46.26 and a beta of 3.36. 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 stock has a fifty day moving average price of $323.71 and a 200 day moving average price of $280.20.

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

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.