MicroStrategy (NASDAQ:MSTR) Shares Up 1.5% – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were up 1.5% during trading on Friday . The stock traded as high as $346.62 and last traded at $345.19. Approximately 3,303,345 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 18,506,059 shares. The stock had previously closed at $340.09.

Analysts Set New Price Targets

MSTR has been the topic of a number of research reports. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Mizuho initiated coverage on MicroStrategy in a report on Wednesday. They issued an “outperform” rating and a $515.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $483.22.

MicroStrategy Stock Performance

The firm has a fifty day simple moving average of $359.82 and a 200 day simple moving average of $250.23. The company has a market capitalization of $80.23 billion, a price-to-earnings 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 issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the business posted ($8.98) earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Activity

In related news, Director Stephen X. Graham sold 20,000 shares of the 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 directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last quarter. 9.16% of the stock is currently owned by corporate insiders.

Institutional Trading of MicroStrategy

A number of hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the 3rd quarter worth $27,000. Sunbelt Securities Inc. raised its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds 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.