MicroStrategy (NASDAQ:MSTR) Trading Up 5.9% – Still a Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 5.9% on Thursday . The stock traded as high as $230.99 and last traded at $226.56. 9,085,269 shares changed hands during trading, a decline of 44% from the average session volume of 16,349,162 shares. The stock had previously closed at $213.95.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. BTIG Research upped their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. Barclays upped their target price on MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Cantor Fitzgerald assumed coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Maxim Group raised their target price on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Benchmark increased their price target on MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $220.00.

MicroStrategy Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average of $156.99 and a 200 day moving average of $148.95. The firm has a market cap of $39.38 billion, a price-to-earnings ratio of -33.81 and a beta of 3.11.

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

Insider Activity

In related news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. This represents 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 have sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after buying an additional 232,667 shares in the last quarter. Vanguard Group Inc. increased its holdings in MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after purchasing an additional 401,071 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of MicroStrategy by 224,965.1% during the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock worth $40,223,000 after buying an additional 238,463 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of MicroStrategy by 827.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock worth $38,025,000 after buying an additional 201,210 shares during the last quarter. Finally, Strong Tower Advisory Services boosted its stake in shares of MicroStrategy by 990.0% during the 3rd quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker’s stock worth $27,089,000 after buying an additional 145,928 shares during the last quarter. 72.03% of the stock is owned by institutional investors and hedge funds.

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.