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

AXQ Capital LP lowered its holdings in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,394 shares of the software maker’s stock after selling 477 shares during the quarter. AXQ Capital LP’s holdings in MicroStrategy were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MSTR. Geode Capital Management LLC raised its position in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after buying an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after buying an additional 567,628 shares in the last quarter. Amundi grew its holdings in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of MicroStrategy during the fourth quarter worth about $81,783,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Up 0.6 %

MSTR stock opened at $304.00 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $317.11 and a two-hundred day moving average price of $288.99. The company has a market cap of $78.24 billion, a price-to-earnings ratio of -53.97 and a beta of 3.36. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSTR. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $536.90.

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.