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

Sandy Spring Bank acquired a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, HoldingsChannel reports. The fund acquired 126 shares of the software maker’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. Riverview Trust Co bought a new stake in shares of MicroStrategy during the 4th quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at $25,000. Parkside Financial Bank & Trust boosted its holdings in MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at $28,000. Finally, Private Wealth Management Group LLC boosted its holdings in MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after purchasing an additional 71 shares during the period. 59.84% of the stock is owned by institutional investors.

MicroStrategy Trading Up 0.6 %

Shares of MicroStrategy stock opened at $304.00 on Friday. The stock has a market capitalization of $78.24 billion, a P/E 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. The company has a 50-day simple moving average of $317.11 and a 200 day simple moving average of $287.84. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Canaccord Genuity Group reduced 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. Monness Crespi & Hardt started 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. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Maxim Group raised their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating 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 stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Buy” and an average price target of $536.90.

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.