Hollencrest Capital Management Sells 51 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Hollencrest Capital Management lessened its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,859 shares of the software maker’s stock after selling 51 shares during the period. Hollencrest Capital Management’s holdings in MicroStrategy were worth $538,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MSTR. Geode Capital Management LLC lifted its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MicroStrategy by 971.3% in 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 valued at $107,855,000 after buying an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the period. Swiss National Bank lifted its stake in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after buying an additional 421,600 shares during the period. Finally, Amundi lifted its stake in shares of 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 buying an additional 413,028 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $260.59 on Wednesday. The firm has a market cap of $67.06 billion, a price-to-earnings ratio of -46.26 and a beta of 3.36. The company has a 50 day moving average of $323.71 and a 200-day moving average of $280.20. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on MSTR. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $536.90.

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.