Meiji Yasuda Asset Management Co Ltd. Purchases 310 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in MicroStrategy Incorporated (NASDAQ:MSTR) by 14.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,510 shares of the software maker’s stock after purchasing an additional 310 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in MicroStrategy were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MSTR. Riverview Trust Co bought a new stake in MicroStrategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $25,000. Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Aspect Partners LLC acquired a new stake in MicroStrategy in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were 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 of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Kang bought 1,500 shares of the stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, with a total value 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. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

MicroStrategy Stock Down 1.4 %

Shares of MSTR opened at $324.59 on Friday. The business’s fifty day moving average price is $315.78 and its two-hundred day moving average price is $292.60. The firm has a market capitalization of $83.53 billion, a price-to-earnings ratio of -57.62 and a beta of 3.36. MicroStrategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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

Analyst Ratings Changes

A number of brokerages have weighed in on MSTR. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays reduced their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Finally, Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One research 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 company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Buy” and an average price target of $536.90.

MicroStrategy Company 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.