NEOS Investment Management LLC Invests $3.54 Million in MicroStrategy Incorporated (NASDAQ:MSTR)

NEOS Investment Management LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 12,224 shares of the software maker’s stock, valued at approximately $3,540,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in MicroStrategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after acquiring an additional 97,515 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of MicroStrategy by 971.3% during the 3rd 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 purchasing an additional 579,994 shares in the last quarter. Amundi increased its holdings in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of MicroStrategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock valued at $149,734,000 after purchasing an additional 48,800 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSTR. Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $536.90.

Insider Transactions at MicroStrategy

In related news, CFO Andrew Kang acquired 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

MicroStrategy stock opened at $289.41 on Friday. The stock has a market capitalization of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm’s 50-day moving average is $313.64 and its two-hundred day moving average is $293.74.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.