MicroStrategy (NASDAQ:MSTR) Trading Up 1.2% – Here’s What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 1.2% on Wednesday . The company traded as high as $310.59 and last traded at $309.64. 4,289,368 shares traded hands during trading, a decline of 76% from the average session volume of 17,809,913 shares. The stock had previously closed at $306.02.

Analysts Set New Price Targets

MSTR has been the topic of a number of analyst reports. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $508.09.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $79.99 billion, a PE ratio of -55.17 and a beta of 3.36. The stock has a 50-day simple moving average of $309.81 and a 200 day simple moving average of $298.32.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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%.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of MicroStrategy stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in shares of MicroStrategy by 1,486.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock worth $912,000 after purchasing an additional 5,069 shares during the period. Cerity Partners LLC acquired a new position in MicroStrategy in the third quarter valued at $1,040,000. The Manufacturers Life Insurance Company lifted its position in MicroStrategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker’s stock worth $1,396,000 after buying an additional 5,560 shares during the period. Townsquare Capital LLC boosted its stake in MicroStrategy by 1,235.9% in the 3rd quarter. Townsquare Capital LLC now owns 3,874 shares of the software maker’s stock worth $653,000 after buying an additional 3,584 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in MicroStrategy by 798.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,146 shares of the software maker’s stock valued at $530,000 after buying an additional 2,796 shares during the period. Institutional investors and hedge funds 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.