Magnetar Financial LLC Invests $2.19 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

Magnetar Financial LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,557 shares of the software maker’s stock, valued at approximately $2,189,000.

Other hedge funds have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $28,000. 59.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSTR. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Monness Crespi & Hardt began coverage on shares of MicroStrategy in a research report on Wednesday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR opened at $302.07 on Friday. The firm’s 50 day moving average is $317.59 and its 200-day moving average is $285.50. The stock has a market capitalization of $77.74 billion, a P/E ratio of -53.63 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 Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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%.

About MicroStrategy

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.