MicroStrategy (NASDAQ:MSTR) Trading 4.6% Higher – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 4.6% during mid-day trading on Wednesday . The company traded as high as $298.65 and last traded at $296.25. 4,460,861 shares were traded during trading, a decline of 75% from the average session volume of 18,203,990 shares. The stock had previously closed at $283.19.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays cut their price target on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Price Performance

The company has a market capitalization of $76.86 billion, a PE ratio of -53.03 and a beta of 3.36. The firm has a fifty day simple moving average of $318.73 and a 200 day simple moving average of $285.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new position in MicroStrategy in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy in the 4th quarter worth $25,000. Quadrant Capital Group LLC lifted its stake in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy during the fourth quarter valued at about $26,000. Finally, Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 59.84% 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.