MicroStrategy (NASDAQ:MSTR) Trading Up 8.2% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 8.2% during mid-day trading on Wednesday . The stock traded as high as $393.90 and last traded at $382.70. Approximately 13,815,979 shares traded hands during trading, a decline of 25% from the average daily volume of 18,357,451 shares. The stock had previously closed at $353.69.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their target price on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Trading Up 9.9 %

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $78.78 billion, a P/E ratio of -183.44 and a beta of 3.05. The company has a 50-day moving average price of $243.51 and a 200 day moving average price of $180.24.

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

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after acquiring an additional 153 shares during the period. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.