Parallel Advisors LLC Has $1.05 Million Stake in MicroStrategy Incorporated (NASDAQ:MSTR)

Parallel Advisors LLC raised its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 224.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the software maker’s stock after buying an additional 2,516 shares during the period. Parallel Advisors LLC’s holdings in MicroStrategy were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MSTR. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. increased its holdings in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Aspect Partners LLC acquired a new stake in shares of MicroStrategy during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays lowered their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a report on Wednesday. They issued a “neutral” rating for the company. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group lowered their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

Shares of MSTR stock opened at $304.23 on Thursday. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The stock has a market cap of $78.29 billion, a PE ratio of -54.01 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm’s 50 day moving average price is $318.18 and its two-hundred day moving average price is $285.38.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.