126 Shares in MicroStrategy Incorporated (NASDAQ:MSTR) Acquired by Sandy Spring Bank

Sandy Spring Bank bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 126 shares of the software maker’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Royal London Asset Management Ltd. raised its holdings in shares of MicroStrategy by 15.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 68,747 shares of the software maker’s stock worth $19,911,000 after purchasing an additional 9,268 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of MicroStrategy by 2,261.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,770 shares of the software maker’s stock worth $3,119,000 after purchasing an additional 10,314 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares in the last quarter. Xponance Inc. raised its holdings in shares of MicroStrategy by 30.0% in the 4th quarter. Xponance Inc. now owns 18,541 shares of the software maker’s stock worth $5,370,000 after purchasing an additional 4,280 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of MicroStrategy in the fourth quarter worth approximately $10,967,000. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSTR. TD Cowen boosted 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. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a report on Wednesday. They set a “neutral” rating on the stock. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Maxim Group boosted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR opened at $304.00 on Friday. The company’s fifty day moving average is $317.11 and its 200-day moving average is $287.84. MicroStrategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The firm has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

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.