Horrell Capital Management Inc. Makes New Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Horrell Capital Management Inc. acquired a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 107 shares of the software maker’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently made changes to their positions in the business. Blueprint Investment Partners LLC purchased a new stake in MicroStrategy in the fourth quarter valued at about $636,000. Optimum Investment Advisors purchased a new position in shares of MicroStrategy in the 4th quarter valued at approximately $58,000. KLP Kapitalforvaltning AS acquired a new stake in MicroStrategy in the 4th quarter worth approximately $17,696,000. Sei Investments Co. grew its position in MicroStrategy by 39.3% during the 4th quarter. Sei Investments Co. now owns 11,972 shares of the software maker’s stock worth $3,468,000 after purchasing an additional 3,376 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in MicroStrategy by 7.3% during the 4th quarter. American Century Companies Inc. now owns 24,415 shares of the software maker’s stock valued at $7,071,000 after purchasing an additional 1,667 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $304.00 on Monday. The company has a 50 day moving average price of $317.11 and a 200-day moving average price of $288.99. MicroStrategy Incorporated has a 1-year low of $101.00 and a 1-year high of $543.00. 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 debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSTR. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a report on Wednesday, March 19th. They set a “neutral” rating on the stock. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.