IFP Advisors Inc Sells 1,657 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

IFP Advisors Inc lessened its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 7.4% during the 4th quarter, HoldingsChannel reports. The firm owned 20,752 shares of the software maker’s stock after selling 1,657 shares during the period. IFP Advisors Inc’s holdings in MicroStrategy were worth $6,011,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after purchasing an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Swiss National Bank increased its position in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in MicroStrategy by 21.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock worth $120,221,000 after buying an additional 71,934 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Down 7.5 %

Shares of MSTR opened at $299.69 on Monday. The firm has a market capitalization of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. MicroStrategy Incorporated has a 12-month low of $67.81 and a 12-month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $342.30 and a 200-day moving average price of $269.01.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Wall Street Analyst Weigh In

Several research firms have commented on MSTR. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy 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.