MicroStrategy (NASDAQ:MSTR) Trading Up 2% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) shares shot up 2% on Wednesday . The company traded as high as $383.40 and last traded at $363.74. 15,966,139 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 16,950,887 shares. The stock had previously closed at $356.59.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Benchmark upped their price target on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald began 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. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Finally, TD Cowen increased their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $192.07 and its two-hundred day moving average price is $161.52.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($8.98) EPS.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,788 shares of company stock worth $29,895,333. 13.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently modified their holdings of MSTR. Allspring Global Investments Holdings LLC bought a new stake in shares of MicroStrategy in the first quarter worth about $58,000. Sei Investments Co. grew its holdings in MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after buying an additional 153 shares in the last quarter. ProShare Advisors LLC increased its stake in MicroStrategy by 31.2% in the 1st quarter. ProShare Advisors LLC now owns 3,137 shares of the software maker’s stock worth $5,347,000 after acquiring an additional 746 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of MicroStrategy during the 1st quarter worth approximately $341,000. Finally, Kingsview Wealth Management LLC boosted its position in shares of MicroStrategy by 6.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 720 shares of the software maker’s stock valued at $1,227,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other 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.