MicroStrategy (NASDAQ:MSTR) Trading 0.7% Higher – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 0.7% during mid-day trading on Thursday . The stock traded as high as $309.40 and last traded at $306.46. 4,924,556 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 18,105,705 shares. The stock had previously closed at $304.23.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a research report on Wednesday. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

The stock has a fifty day moving average price of $318.18 and a 200-day moving average price of $285.38. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $76.72 billion, a price-to-earnings ratio of -53.44 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in MicroStrategy by 781.4% in the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after purchasing an additional 41,209 shares in the last quarter. GSA Capital Partners LLP acquired a new position in MicroStrategy during the 3rd quarter worth about $261,000. Victory Capital Management Inc. increased its position in MicroStrategy by 894.7% in the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after acquiring an additional 52,016 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of MicroStrategy in the third quarter worth about $238,000. Finally, CIBC Asset Management Inc lifted its position in shares of MicroStrategy by 935.8% during the third quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock worth $732,000 after purchasing an additional 3,921 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.