Capital Wealth Planning LLC Raises Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Capital Wealth Planning LLC increased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 352.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,037 shares of the software maker’s stock after purchasing an additional 808 shares during the period. Capital Wealth Planning LLC’s holdings in MicroStrategy were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its holdings in MicroStrategy by 78.7% during the 4th quarter. Metis Global Partners LLC now owns 3,573 shares of the software maker’s stock worth $1,035,000 after purchasing an additional 1,573 shares in the last quarter. West Michigan Advisors LLC purchased a new stake in MicroStrategy during the 4th quarter worth about $230,000. US Bancorp DE lifted its holdings in MicroStrategy by 178.2% during the 4th quarter. US Bancorp DE now owns 11,837 shares of the software maker’s stock worth $3,428,000 after purchasing an additional 7,582 shares in the last quarter. Fisher Asset Management LLC bought a new position in MicroStrategy in the 4th quarter worth about $904,000. Finally, WR Wealth Planners LLC increased its stake in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $255.48 on Friday. 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 capitalization of $61.23 billion, a PE ratio of -45.35 and a beta of 3.25. The business’s 50-day moving average price is $331.44 and its 200-day moving average price is $272.40. MicroStrategy Incorporated has a 12 month low of $96.04 and a 12 month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced 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 net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy 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.