MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.1% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) rose 1.1% on Thursday . The stock traded as high as $356.11 and last traded at $345.07. Approximately 4,481,361 shares changed hands during trading, a decline of 76% from the average daily volume of 18,885,936 shares. The stock had previously closed at $341.25.

Wall Street Analyst Weigh In

MSTR has been the subject of several research analyst reports. Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday. Benchmark restated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Price Performance

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 firm has a market capitalization of $80.23 billion, a P/E ratio of -158.89 and a beta of 3.25. The firm has a 50 day moving average price of $359.82 and a 200-day moving average price of $249.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the business posted ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction 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 directly owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,000 shares of company stock valued at $32,259,177. Insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MSTR. Sei Investments Co. increased its holdings in shares of MicroStrategy by 16.9% in the 2nd quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after acquiring an additional 97 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after acquiring an additional 200 shares during the period. AQR Capital Management LLC increased its holdings in shares of MicroStrategy by 59.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock valued at $6,199,000 after acquiring an additional 1,677 shares during the period. NewEdge Advisors LLC increased its holdings in shares of MicroStrategy by 51.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after acquiring an additional 594 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in MicroStrategy by 144.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock worth $252,000 after buying an additional 108 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other 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.