MicroStrategy (NASDAQ:MSTR) Trading Up 0.8% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 0.8% during mid-day trading on Thursday . The company traded as high as $327.83 and last traded at $321.32. 4,378,763 shares were traded during trading, a decline of 73% from the average session volume of 16,354,925 shares. The stock had previously closed at $318.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSTR. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Canaccord Genuity Group reduced 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. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Down 7.5 %

The company has a market capitalization of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $342.30 and a 200 day moving average price of $267.09.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MSTR. Allspring Global Investments Holdings LLC raised its position in MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after purchasing an additional 320 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in MicroStrategy by 1,537.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after acquiring an additional 4,550 shares during the period. Signaturefd LLC grew its holdings in MicroStrategy by 1,154.0% during the 3rd quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock worth $106,000 after acquiring an additional 577 shares during the period. Private Advisor Group LLC grew its holdings in MicroStrategy by 1,579.6% during the 3rd quarter. Private Advisor Group LLC now owns 26,101 shares of the software maker’s stock worth $4,401,000 after acquiring an additional 24,547 shares during the period. Finally, Greenleaf Trust acquired a new stake in MicroStrategy during the 3rd quarter worth about $212,000. 59.84% of the stock is 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.