MicroStrategy Incorporated (NASDAQ:MSTR) Position Lowered by Raymond James & Associates

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MicroStrategy Incorporated (NASDAQ:MSTR) Position Lowered by Raymond James & Associates

2023-06-05 20:53| 来源: 网络整理| 查看: 265

MicroStrategy logoRaymond James & Associates decreased its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Rating) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,273 shares of the software maker's stock after selling 941 shares during the period. Raymond James & Associates owned about 0.06% of MicroStrategy worth $1,030,000 as of its most recent filing with the SEC.

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Other large investors have also modified their holdings of the company. Johnson Financial Group LLC lifted its position in shares of MicroStrategy by 93.6% during the fourth quarter. Johnson Financial Group LLC now owns 15,510 shares of the software maker's stock worth $2,196,000 after purchasing an additional 7,500 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its stake in MicroStrategy by 11.1% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 6,968 shares of the software maker's stock valued at $986,000 after acquiring an additional 697 shares during the period. Nkcfo LLC acquired a new position in MicroStrategy in the fourth quarter valued at approximately $354,000. Longitude Cayman Ltd. boosted its stake in MicroStrategy by 6.8% in the fourth quarter. Longitude Cayman Ltd. now owns 6,250 shares of the software maker's stock valued at $885,000 after acquiring an additional 400 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its stake in MicroStrategy by 4.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 19,911 shares of the software maker's stock valued at $2,819,000 after acquiring an additional 842 shares during the period. Institutional investors own 51.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com assumed coverage on MicroStrategy in a research note on Thursday, May 18th. They issued a "sell" rating for the company. Berenberg Bank assumed coverage on MicroStrategy in a research note on Thursday, April 27th. They issued a "buy" rating and a $430.00 target price for the company.

MicroStrategy Stock PerformanceMicroStrategy (NASDAQ:MSTR) Slips on Troubles in Bitcoin

Shares of NASDAQ MSTR opened at $302.13 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.91. The stock has a 50 day simple moving average of $298.27 and a 200-day simple moving average of $246.21. The company has a market cap of $3.92 billion, a PE ratio of -3.49 and a beta of 2.42. MicroStrategy Incorporated has a 12-month low of $132.56 and a 12-month high of $361.97.

MicroStrategy (NASDAQ:MSTR - Get Rating) last issued its quarterly earnings data on Monday, May 1st. The software maker reported $30.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $30.10. The business had revenue of $121.90 million during the quarter, compared to the consensus estimate of $119.04 million. MicroStrategy had a negative return on equity of 6,099.02% and a negative net margin of 174.90%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($10.42) earnings per share. On average, equities research analysts forecast that MicroStrategy Incorporated will post 29.89 EPS for the current year.

MicroStrategy Profile (Get Rating)

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.

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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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