Mutual of America Capital Management LLC Makes New $2.06 Million Investment in MicroStrategy Incorporated (NASDAQ:MSTR)

Mutual of America Capital Management LLC bought a new position in MicroStrategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,255 shares of the software maker’s stock, valued at approximately $2,056,000.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of MicroStrategy by 9.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,261 shares of the software maker’s stock worth $796,000 after acquiring an additional 106 shares during the last quarter. Tobam boosted its stake in shares of MicroStrategy by 28.1% during the 4th quarter. Tobam now owns 1,077 shares of the software maker’s stock worth $680,000 after acquiring an additional 236 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of MicroStrategy by 27.6% during the 4th quarter. RFG Advisory LLC now owns 3,303 shares of the software maker’s stock worth $2,086,000 after acquiring an additional 715 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of MicroStrategy during the 4th quarter worth $12,367,000. Finally, United Capital Management of KS Inc. purchased a new position in shares of MicroStrategy during the 4th quarter worth $299,000. Institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the topic of several analyst reports. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research lifted their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday, March 28th. TD Cowen lowered their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Finally, Benchmark lifted their target price on shares of MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,473.00.

Insiders Place Their Bets

In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total value of $3,263,662.50. Following the sale, the chief financial officer now owns 873 shares in the company, valued at approximately $759,780.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total value of $2,266,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew Kang sold 3,750 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the completion of the sale, the chief financial officer now owns 873 shares in the company, valued at $759,780.63. The disclosure for this sale can be found here. Insiders have sold a total of 121,733 shares of company stock worth $116,334,332 in the last 90 days. 20.79% of the stock is currently owned by corporate insiders.

MicroStrategy Stock Down 2.8 %

Shares of MSTR stock opened at $1,174.11 on Friday. The stock has a market cap of $19.92 billion, a P/E ratio of 41.66 and a beta of 2.89. MicroStrategy Incorporated has a 52 week low of $266.00 and a 52 week high of $1,999.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $1,294.00 and its two-hundred day simple moving average is $776.74.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

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.