Nemes Rush Group LLC Invests $39,000 in MicroStrategy Incorporated (NASDAQ:MSTR)

Nemes Rush Group LLC acquired a new stake in MicroStrategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136 shares of the software maker’s stock, valued at approximately $39,000.

Other large investors have also bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in MicroStrategy during the fourth quarter worth approximately $81,783,000. Clarity Capital Partners LLC boosted its holdings in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after buying an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in MicroStrategy in the third quarter worth approximately $254,000. Finally, Wellington Management Group LLP increased its holdings in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSTR. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang bought 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, 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 Stock Up 2.1 %

MSTR stock opened at $312.54 on Thursday. The company has a 50 day moving average of $308.52 and a two-hundred day moving average of $298.42. The company has a market cap of $80.43 billion, a price-to-earnings ratio of -55.48 and a beta of 3.36. MicroStrategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

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.