SLT Holdings LLC Acquires Stake in MicroStrategy Incorporated

SLT Holdings LLC has recently acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, as reported in their latest Form 13F filing with the Securities and Exchange Commission. This fund purchased 1,250 shares of the software company, with an estimated value of around $362,000.

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In addition to SLT Holdings LLC, other institutional investors have made adjustments to their holdings in MicroStrategy. Notably, National Bank of Canada FI increased its stake by a remarkable 746.2% in the third quarter. This institution now owns 20,647 shares valued at approximately $3,481,000 after acquiring an additional 18,207 shares. Another noteworthy investment came from Proficio Capital Partners LLC, which bought a new stake during the fourth quarter worth $81,783,000. B. Riley Wealth Advisors Inc. also entered a new position in the company during the third quarter, with a value of $254,000. Clarity Capital Partners LLC has expanded its holdings by 122.3% in the fourth quarter, now owning 25,115 shares valued at about $7,274,000 due to the purchase of an additional 13,817 shares. Furthermore, Wellington Management Group LLP raised its position by an astounding 979.8% in the third quarter, owning 6,727 shares valued at $1,134,000 after acquiring an additional 6,104 shares. Overall, 59.84% of MicroStrategy's stock is now held by hedge funds and other institutional investors.

MicroStrategy's Stock Performance

MicroStrategy's stock (MSTR) opened at $287.18 on Friday. The company’s 50-day moving average stands at $325.57, while its 200-day moving average is $277.72. With a market capitalization of $73.91 billion, MicroStrategy has a P/E ratio of -50.98 and a beta of 3.36. Over the past year, the stock has fluctuated between a low of $101.00 and a high of $543.00. Additionally, the firm has a debt-to-equity ratio of 0.39, with a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last disclosed its quarterly earnings on February 5th. The software company reported an earnings per share (EPS) of ($3.20), falling short of the analysts' expectations of ($0.13) by $3.07. MicroStrategy's financial results included a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analysts' Outlook for MicroStrategy

Several Wall Street analysts have recently shared their insights regarding MicroStrategy's stock. On January 29th, Compass Point upgraded the company's shares to a "strong-buy" rating. Keefe, Bruyette & Woods initiated coverage on MicroStrategy, assigning them an "outperform" rating and a target price of $560.00 on February 7th. BTIG Research also increased their target for the stock from $290.00 to $570.00, labeling it as a "buy" on November 21st. Mizuho has begun coverage and set an “outperform” rating with a target price of $515.00. Lastly, Sanford C. Bernstein reiterated their "outperform" rating, issuing a price objective of $600.00 on December 12th. In summary, one research analyst has given a sell rating, while nine others provided buy ratings, and one analyst has assigned a strong buy rating. According to MarketBeat data, MicroStrategy's stock currently holds a consensus rating of "Moderate Buy" with a target price average of $536.90.

MicroStrategy Profile:

MicroStrategy Incorporated is known for delivering enterprise analytics software and services powered by artificial intelligence across various regions, including the United States, Europe, the Middle East, and Africa. Their offerings include MicroStrategy ONE, which allows non-technical users to access actionable insights directly for informed decision-making, and MicroStrategy Cloud for Government, which provides continuous threat monitoring for government and financial institutions, catering to their stringent technical and regulatory requirements.

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Want to explore other hedge fund holdings in MSTR? Check out the latest 13F filings for MicroStrategy Incorporated (NASDAQ:MSTR).

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Investment Consideration

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