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

Cyndeo Wealth Partners LLC purchased a new stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,854 shares of the software maker’s stock, valued at approximately $827,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSTR. Aspiring Ventures LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth about $25,628,000. AM Investment Strategies LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth about $611,000. Impact Partnership Wealth LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth about $917,000. Patriot Investment Management Group Inc. grew its holdings in shares of MicroStrategy by 44.1% during the fourth quarter. Patriot Investment Management Group Inc. now owns 18,032 shares of the software maker’s stock worth $5,222,000 after purchasing an additional 5,522 shares in the last quarter. Finally, Southland Equity Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth about $266,000. 59.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. Insiders own 9.16% of the company’s stock.

MicroStrategy Price Performance

MSTR opened at $353.67 on Friday. The stock has a fifty day simple moving average of $367.79 and a two-hundred day simple moving average of $243.47. 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 price-to-earnings ratio of -167.85 and a beta of 3.25. MicroStrategy Incorporated has a 12-month low of $44.59 and a 12-month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the business earned ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

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.