AXQ Capital LP Has $404,000 Position in MicroStrategy Incorporated (NASDAQ:MSTR)

AXQ Capital LP reduced its position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,394 shares of the software maker’s stock after selling 477 shares during the period. AXQ Capital LP’s holdings in MicroStrategy were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. lifted its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $28,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on MSTR. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Cantor Fitzgerald lifted their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Trading Up 0.6 %

Shares of MSTR opened at $304.00 on Monday. MicroStrategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The business’s fifty day moving average is $317.11 and its 200-day moving average is $288.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

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.