Vestcor Inc Raises Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Vestcor Inc raised its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,580 shares of the software maker’s stock after acquiring an additional 484 shares during the quarter. Vestcor Inc’s holdings in MicroStrategy were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Riverview Trust Co purchased a new position in shares of MicroStrategy during the 4th quarter valued at $25,000. Parkside Financial Bank & Trust lifted its stake in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at $28,000. Private Wealth Management Group LLC lifted its stake in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of MicroStrategy during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analyst Ratings Changes

MSTR has been the topic of a number of research reports. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $297.49 on Friday. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The firm’s 50-day moving average is $321.59 and its 200 day moving average is $281.99. 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 (NASDAQ:MSTR) last issued its quarterly earnings results 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%.

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.