Cyndeo Wealth Partners LLC Takes Position in MicroStrategy Incorporated (NASDAQ:MSTR)

Cyndeo Wealth Partners LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,854 shares of the software maker’s stock, valued at approximately $827,000.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in MicroStrategy by 20.8% during the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock worth $2,890,000 after buying an additional 361 shares in the last quarter. Sei Investments Co. raised its holdings in MicroStrategy by 16.9% in the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after buying an additional 97 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after buying an additional 200 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in MicroStrategy in the 2nd quarter valued at approximately $4,154,000. Finally, Toronto Dominion Bank raised its holdings in MicroStrategy by 348.4% in the 2nd quarter. Toronto Dominion Bank now owns 2,018 shares of the software maker’s stock valued at $2,780,000 after buying an additional 1,568 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last three months. 9.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Maxim Group raised their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $353.67 on Friday. The company has a fifty day simple moving average of $367.79 and a 200 day simple moving average of $243.47. MicroStrategy Incorporated has a 12-month low of $44.59 and a 12-month high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $84.76 billion, a P/E ratio of -167.85 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the business posted ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

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.