MicroStrategy (NASDAQ:MSTR) Trading 1.2% Higher – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 1.2% during trading on Wednesday . The company traded as high as $310.59 and last traded at $309.64. Approximately 4,289,368 shares were traded during trading, a decline of 76% from the average daily volume of 17,809,913 shares. The stock had previously closed at $306.02.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSTR. Monness Crespi & Hardt lowered shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Tuesday. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment 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 company’s stock. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $508.09.

MicroStrategy Stock Performance

The company has a market capitalization of $79.99 billion, a price-to-earnings ratio of -55.17 and a beta of 3.36. The firm has a fifty day simple moving average of $309.81 and a 200 day simple moving average of $298.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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%.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang sold 2,185 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10. Following the transaction, the chief financial officer now owns 15,215 shares of the company’s stock, valued at approximately $5,009,690.90. The trade was a 12.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. This represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in MicroStrategy in the 4th quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.