Avantax Advisory Services Inc. boosted its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,079 shares of the software maker’s stock after buying an additional 57 shares during the period. Avantax Advisory Services Inc.’s holdings in MicroStrategy were worth $654,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ensign Peak Advisors Inc boosted its holdings in shares of MicroStrategy by 182.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 5,430 shares of the software maker’s stock worth $892,000 after purchasing an additional 3,510 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of MicroStrategy by 362.9% during the 2nd quarter. Renaissance Technologies LLC now owns 399,500 shares of the software maker’s stock worth $65,638,000 after purchasing an additional 313,200 shares during the last quarter. Bellecapital International Ltd. acquired a new position in shares of MicroStrategy during the 2nd quarter worth approximately $482,000. US Bancorp DE boosted its holdings in shares of MicroStrategy by 230.0% during the 2nd quarter. US Bancorp DE now owns 198 shares of the software maker’s stock worth $33,000 after purchasing an additional 138 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of MicroStrategy by 8.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,556 shares of the software maker’s stock worth $6,910,000 after purchasing an additional 2,524 shares during the last quarter. 51.75% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered their target price on MicroStrategy from $140.00 to $110.00 in a report on Thursday, December 29th.
MicroStrategy Trading Up 8.4 %
MicroStrategy (NASDAQ:MSTR – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The software maker reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($1.90). MicroStrategy had a negative net margin of 261.38% and a negative return on equity of 348.42%. The business had revenue of $125.36 million during the quarter, compared to analyst estimates of $125.30 million. As a group, analysts predict that MicroStrategy Incorporated will post -26.47 earnings per share for the current year.
MicroStrategy Company Profile
MicroStrategy, Inc engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle.
- Get a free copy of the StockNews.com research report on MicroStrategy (MSTR)
- CVS Health is Growing into an Integrated Healthcare Organization
- Is C3.ai Stock a ChatGPT Artificial Intelligence Play?
- NVIDIA Outlook Improving: Watchlist Candidate for 2023
- Which Wireless Stock Should You Buy in 2023?
- Is Virgin Galactic Stock Preparing for Lift-Off?
Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.