MicroStrategy (NASDAQ:MSTR) Trading Up 5.2% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 5.2% during mid-day trading on Monday . The stock traded as high as $251.31 and last traded at $246.51. 9,047,980 shares changed hands during trading, a decline of 45% from the average session volume of 16,423,387 shares. The stock had previously closed at $234.34.

Analyst Ratings Changes

A number of research analysts have recently commented on MSTR shares. TD Cowen lifted their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Cantor Fitzgerald assumed coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. BTIG Research upped their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Maxim Group raised their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays increased their price target on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

MicroStrategy Stock Up 1.1 %

The stock has a 50-day moving average of $165.99 and a 200-day moving average of $151.61. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $45.80 billion, a price-to-earnings ratio of -184.99 and a beta of 3.11.

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

Insiders Place Their Bets

In other news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock worth $13,950,265 over the last three months. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of MicroStrategy by 30.5% during the first quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock worth $24,331,000 after purchasing an additional 3,333 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in MicroStrategy in the 1st quarter valued at approximately $228,000. Sequoia Financial Advisors LLC bought a new position in shares of MicroStrategy during the first quarter valued at $377,000. SeaCrest Wealth Management LLC bought a new position in shares of MicroStrategy during the first quarter valued at $839,000. Finally, Jennison Associates LLC acquired a new position in shares of MicroStrategy during the first quarter worth $806,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.