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

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

Several other hedge funds have also recently added to or reduced their stakes in MSTR. Geode Capital Management LLC boosted its stake in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after acquiring an additional 579,994 shares during the period. 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 acquiring an additional 413,028 shares during the period. Proficio Capital Partners LLC purchased a new stake in MicroStrategy in the 4th quarter valued at $81,783,000. Finally, Virtu Financial LLC boosted its stake in MicroStrategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock worth $37,808,000 after purchasing an additional 222,109 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

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MicroStrategy Price Performance

MicroStrategy stock traded up $17.75 during midday trading on Tuesday, reaching $306.02. The company's stock had a trading volume of 16,661,499 shares, compared to its average volume of 17,862,237. The firm has a market capitalization of $78.75 billion, a PE ratio of -54.33 and a beta of 3.36. MicroStrategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The stock's 50 day simple moving average is $309.81 and its 200 day simple moving average is $298.32. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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 equities research analysts have recently commented on the stock. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Monness Crespi & Hardt downgraded MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research note on Tuesday. Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group decreased their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $508.09.

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by company insiders.

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.