MicroStrategy (NASDAQ:MSTR) Shares Up 1.8% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 1.8% on Friday . The stock traded as high as $398.67 and last traded at $393.48. 8,170,372 shares changed hands during trading, a decline of 56% from the average session volume of 18,629,828 shares. The stock had previously closed at $386.40.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Benchmark increased their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Up 1.7 %

The firm has a market cap of $79.62 billion, a price-to-earnings ratio of -186.75 and a beta of 3.17. The firm’s fifty day moving average is $276.85 and its two-hundred day moving average is $191.65. 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 business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the company posted ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC grew its stake in shares of MicroStrategy by 1,105.2% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker’s stock valued at $782,000 after buying an additional 4,255 shares in the last quarter. Franklin Resources Inc. boosted its position in MicroStrategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after purchasing an additional 135 shares during the period. Peapack Gladstone Financial Corp boosted its position in MicroStrategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after purchasing an additional 2,115 shares during the period. Sanctuary Advisors LLC boosted its position in MicroStrategy by 3,250.8% during the third quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock worth $2,435,000 after purchasing an additional 14,011 shares during the period. Finally, Virtu Financial LLC boosted its position in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the period. Institutional investors and hedge funds own 72.03% 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.