Empower Advisory Group LLC Purchases 571 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Empower Advisory Group LLC raised its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 41.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,942 shares of the software maker’s stock after purchasing an additional 571 shares during the period. Empower Advisory Group LLC’s holdings in MicroStrategy were worth $562,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group decreased 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. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Cantor Fitzgerald boosted their price target 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. 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 report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Down 4.6 %

NASDAQ:MSTR opened at $318.67 on Thursday. MicroStrategy Incorporated has a one year low of $66.43 and a one 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 company’s 50-day simple moving average is $345.85 and its 200 day simple moving average is $265.51. The firm has a market capitalization of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25.

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

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.