MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.1% – Should You Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose 1.1% on Thursday . The company traded as high as $356.11 and last traded at $345.07. Approximately 4,481,361 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 18,885,936 shares. The stock had previously closed at $341.25.

Analyst Ratings Changes

MSTR has been the topic of a number of recent analyst reports. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday. They issued an “outperform” rating and a $515.00 price objective on the stock. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have issued 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 $483.22.

MicroStrategy Stock Down 1.6 %

The stock has a 50 day simple moving average of $359.82 and a 200-day simple moving average of $249.65. The firm has a market cap of $80.23 billion, a PE ratio of -158.89 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction 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 $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is owned by insiders.

Institutional Trading of MicroStrategy

A number of hedge funds have recently bought and sold shares of MSTR. GPS Wealth Strategies Group LLC grew its position in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc grew its position in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its position in shares of MicroStrategy by 1.8% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of MicroStrategy by 3.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after purchasing an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. grew its position in shares of MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.