SLT Holdings LLC Invests in MicroStrategy Incorporated (NASDAQ:MSTR)

SLT Holdings LLC has recently acquired a new position in MicroStrategy Incorporated (NASDAQ:MSTR - Free Report) as noted in their latest Form 13F filing with the Securities and Exchange Commission. In the fourth quarter, the firm purchased 1,250 shares of the software company's stock, representing a total investment of approximately $362,000.

In addition to SLT Holdings, several other institutional investors have adjusted their stakes in MicroStrategy. Notably, National Bank of Canada FI increased its holding by an impressive 746.2% during the third quarter, now owning 20,647 shares valued at about $3,481,000 after acquiring 18,207 additional shares. Proficio Capital Partners LLC made a new investment in MicroStrategy worth around $81,783,000 in the fourth quarter. B. Riley Wealth Advisors Inc. also entered the company with a new position valued at $254,000 during the third quarter. Meanwhile, Clarity Capital Partners LLC boosted its shares by 122.3% in the fourth quarter, and they now hold 25,115 shares valued at around $7,274,000, after adding 13,817 shares last quarter. Lastly, Wellington Management Group LLP raised its stake by an astonishing 979.8% during the third quarter, resulting in ownership of 6,727 shares worth $1,134,000 after buying 6,104 more shares.

MicroStrategy Stock Performance

As of Friday, MicroStrategy shares opened at $287.18. The company maintains a 50-day moving average of $325.57 and a 200-day moving average of $277.72. With a market capitalization of approximately $73.91 billion, the stock displays a P/E ratio of -50.98 and carries a beta of 3.36. MicroStrategy has experienced a 1-year low of $101.00 and a peak of $543.00 within the same timeframe. Financial ratios indicate a debt-to-equity ratio of 0.39, a quick ratio of 0.65, and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR - Get Free Report) reported its quarterly earnings on February 5th. The company posted an earnings loss of ($3.20) per share, falling short of the analysts' expectations which averaged at ($0.13) by a significant $3.07. The company also showed a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Predict Future Growth

Recent assessments by equity analysts have been optimistic regarding MSTR shares. Compass Point upgraded the stock to a "strong-buy" rating on January 29th. Keefe, Bruyette & Woods initiated coverage on MSTR on February 7th, establishing an "outperform" rating with a target price of $560.00.

BTIG Research increased their target from $290.00 to $570.00 while giving the stock a "buy" rating in November. Additionally, Mizuho began their coverage on January 29th with an "outperform" rating and a target price of $515.00. Similarly, Sanford C. Bernstein reiterated an "outperform" rating with a price objective of $600.00 in December. According to MarketBeat data, while one analyst rated the stock as a sell, nine provided a buy rating, and one rated it as a strong buy. Overall, stocks within this range have a consensus rating classification of "Moderate Buy" with a average target price sitting at $536.90.

About MicroStrategy Incorporated

MicroStrategy Incorporated is recognized for its advanced artificial intelligence tools designed for enterprise analytics software and services, serving clients in the United States, Europe, and around the globe. Notably, it offers MicroStrategy ONE, allowing non-technical users to access actionable insights that support their decision-making processes. Furthermore, the MicroStrategy Cloud for Government service is tailored to meet compliance and security needs for governmental and financial institutions through continuous threat monitoring.

investment, stocks, business