ZEGA Investments LLC Invests $455,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

ZEGA Investments LLC purchased a new position in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,570 shares of the software maker’s stock, valued at approximately $455,000.

A number of other institutional investors also recently modified their holdings of MSTR. Riverview Trust Co acquired a new position in shares of MicroStrategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter valued at $25,000. Sunbelt Securities Inc. lifted its position in shares of 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 acquiring an additional 144 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Aspect Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $304.00 on Friday. MicroStrategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. 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 firm has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. The company has a fifty day moving average price of $317.11 and a 200-day moving average price of $286.69.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Maxim Group boosted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “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.