Verus Capital Partners LLC Sells 660 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Verus Capital Partners LLC lowered its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,101 shares of the software maker’s stock after selling 660 shares during the period. Verus Capital Partners LLC’s holdings in MicroStrategy were worth $1,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MSTR. National Bank of Canada FI grew its holdings in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy during the 3rd quarter worth approximately $254,000. Clarity Capital Partners LLC grew its holdings in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares during the last quarter. Wellington Management Group LLP increased its position in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 6,104 shares during the period. Finally, US Bancorp DE raised its stake in shares of MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after acquiring an additional 3,773 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MSTR shares. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Cantor Fitzgerald increased their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $240.05 on Friday. The firm has a 50 day moving average of $333.62 and a 200-day moving average of $270.58. The company has a market cap of $57.53 billion, a price-to-earnings ratio of -42.61 and a beta of 3.25. 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 Incorporated has a 52 week low of $91.55 and a 52 week high of $543.00.

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

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.