Shariaportfolio Inc. Has $27.61 Million Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

Shariaportfolio Inc. reduced its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 95,315 shares of the software maker’s stock after selling 21,558 shares during the quarter. MicroStrategy comprises approximately 13.1% of Shariaportfolio Inc.’s holdings, making the stock its 3rd largest holding. Shariaportfolio Inc.’s holdings in MicroStrategy were worth $27,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aspect Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at approximately $28,000. Private Wealth Management Group LLC lifted its position in MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after buying an additional 71 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in MicroStrategy in the fourth quarter worth $32,000. First Horizon Advisors Inc. bought a new stake in MicroStrategy in the fourth quarter worth $32,000. Finally, Activest Wealth Management bought a new stake in MicroStrategy in the fourth quarter worth $33,000. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSTR shares. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

Shares of MicroStrategy stock opened at $299.69 on Monday. The firm has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. 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 12 month low of $67.81 and a 12 month high of $543.00. The stock’s fifty day moving average price is $342.30 and its 200-day moving average price is $269.01.

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 net margin of 251.73% and a negative return on equity of 19.01%.

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.