IFP Advisors Inc Reduces Stock Position in MicroStrategy Incorporated (NASDAQ:MSTR)

IFP Advisors Inc lessened its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,752 shares of the software maker’s stock after selling 1,657 shares during the quarter. IFP Advisors Inc’s holdings in MicroStrategy were worth $6,011,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of MicroStrategy by 820.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after buying an additional 320 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of MicroStrategy by 1,537.2% in the third quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after buying an additional 4,550 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of MicroStrategy by 1,154.0% in the third quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock worth $106,000 after buying an additional 577 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of MicroStrategy by 1,579.6% in the third quarter. Private Advisor Group LLC now owns 26,101 shares of the software maker’s stock worth $4,401,000 after buying an additional 24,547 shares during the last quarter. Finally, Greenleaf Trust purchased a new position in shares of MicroStrategy in the third quarter worth approximately $212,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSTR shares. TD Cowen raised 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. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 7.5 %

MicroStrategy stock opened at $299.69 on Monday. The stock has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy Incorporated has a 1 year low of $67.81 and a 1 year high of $543.00. The firm’s 50 day moving average price is $342.30 and its 200-day moving average price is $269.01.

MicroStrategy (NASDAQ:MSTR) last released 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.