Edgestream Partners L.P. Purchases 6,719 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Edgestream Partners L.P. increased its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 164.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,793 shares of the software maker’s stock after buying an additional 6,719 shares during the period. Edgestream Partners L.P.’s holdings in MicroStrategy were worth $3,126,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MSTR. Riverview Trust Co purchased a new position in shares of MicroStrategy in the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. raised its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Parkside Financial Bank & Trust lifted 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC bought a new position in MicroStrategy in the 4th quarter worth approximately $28,000. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $287.18 on Friday. The firm has a market capitalization of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a 50 day simple moving average of $325.57 and a 200-day simple moving average of $277.72. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly 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 Ratings Changes

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

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.