MicroStrategy (NASDAQ:MSTR) Shares Up 4% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 4% during mid-day trading on Tuesday . The company traded as high as $357.37 and last traded at $353.77. 17,213,928 shares traded hands during trading, an increase of 2% from the average session volume of 16,852,682 shares. The stock had previously closed at $340.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSTR shares. Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays upped their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. BTIG Research upped their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, TD Cowen increased their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a 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 company’s stock. According to MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Trading Up 4.9 %

The business has a 50 day simple moving average of $187.38 and a 200-day simple moving average of $159.91. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $72.26 billion, a price-to-earnings ratio of -167.90 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its 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 firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 163,788 shares of company stock valued at $29,895,333. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in MicroStrategy during the 2nd quarter valued at about $37,000. GAMMA Investing LLC lifted its position in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of MicroStrategy during the first quarter worth approximately $58,000. Signaturefd LLC boosted its stake in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after buying an additional 6 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of MicroStrategy during the 2nd quarter valued at $106,000. 72.03% of the stock is currently owned by institutional investors.

About MicroStrategy

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.