Altus Wealth Group LLC Boosts Stock Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Altus Wealth Group LLC increased its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625 shares of the software maker’s stock after acquiring an additional 245 shares during the period. Altus Wealth Group LLC’s holdings in MicroStrategy were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbour Investments Inc. boosted its stake in shares of MicroStrategy by 21.2% in the 4th quarter. Harbour Investments Inc. now owns 9,482 shares of the software maker’s stock valued at $2,746,000 after buying an additional 1,657 shares during the period. Corient Private Wealth LLC lifted its stake in MicroStrategy by 11.2% in the fourth quarter. Corient Private Wealth LLC now owns 76,779 shares of the software maker’s stock worth $22,237,000 after acquiring an additional 7,735 shares during the last quarter. Tidemark LLC acquired a new position in MicroStrategy during the 4th quarter worth approximately $213,000. Frank Rimerman Advisors LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $370,000. Finally, United Capital Management of KS Inc. raised its holdings in shares of MicroStrategy by 28.2% in the 4th quarter. United Capital Management of KS Inc. now owns 28,986 shares of the software maker’s stock valued at $8,395,000 after purchasing an additional 6,380 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $297.49 on Friday. MicroStrategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The company has a 50-day simple moving average of $321.59 and a 200-day simple moving average of $281.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last posted 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

MSTR has been the topic of several recent analyst reports. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company 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. 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. Finally, Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.