NEOS Investment Management LLC Acquires New Holdings in MicroStrategy Incorporated (NASDAQ:MSTR)

NEOS Investment Management LLC bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,224 shares of the software maker’s stock, valued at approximately $3,540,000.

A number of other institutional investors have also made changes to their positions in MSTR. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust lifted its position in shares of MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Aspect Partners LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC grew its holdings in shares of MicroStrategy by 208.8% in the fourth quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after purchasing an additional 71 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MicroStrategy

In other news, CFO Andrew Kang acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Down 10.8 %

MSTR stock opened at $289.41 on Friday. The company’s 50 day moving average is $313.64 and its two-hundred day moving average is $293.74. MicroStrategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates 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 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.