MicroStrategy (NASDAQ:MSTR) Trading 6% Higher

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 6% on Monday . The company traded as high as $121.25 and last traded at $121.11. 784,408 shares changed hands during trading, a decline of 95% from the average session volume of 16,543,578 shares. The stock had previously closed at $114.30.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Barclays began coverage on MicroStrategy in a research report on Friday. They issued an “overweight” rating and a $146.00 target price on the stock. Maxim Group increased their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Benchmark increased their target price on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group cut their target price on MicroStrategy from $204.70 to $182.60 and set a “buy” rating on the stock in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.45.

MicroStrategy Trading Up 8.7 %

The stock has a market capitalization of $22.04 billion, a price-to-earnings ratio of -18.26 and a beta of 3.10. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a fifty day moving average of $142.04 and a 200-day moving average of $142.53.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The business had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share.

Insider Activity

In other news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Phong Le sold 48,838 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 approximately $912,152. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock worth $13,950,265 over the last ninety days. Corporate insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. bought a new position in shares of MicroStrategy during the first quarter worth about $29,000. Rise Advisors LLC lifted its position in shares of MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 8 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in MicroStrategy in the first quarter worth about $55,000. Institutional investors 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.