MicroStrategy (NASDAQ:MSTR) Trading 2.1% Higher – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 2.1% during trading on Thursday . The stock traded as high as $264.35 and last traded at $263.21. Approximately 5,270,919 shares were traded during trading, a decline of 68% from the average daily volume of 16,614,734 shares. The stock had previously closed at $257.81.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research reports. Barclays raised their price objective on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BTIG Research upped their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein decreased their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.13.

MicroStrategy Stock Down 0.1 %

The stock has a market capitalization of $54.80 billion, a price-to-earnings ratio of -128.34 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47. The business has a fifty day moving average of $183.23 and a 200 day moving average of $158.00.

MicroStrategy (NASDAQ:MSTR) last posted 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). The business had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,788 shares of company stock valued at $29,895,333 over the last 90 days. 13.18% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in MSTR. National Pension Service increased its position in shares of MicroStrategy by 900.0% during the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after acquiring an additional 220,500 shares during the period. Comprehensive Financial Consultants Institutional Inc. increased its holdings in MicroStrategy by 973.5% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,380 shares of the software maker’s stock worth $738,000 after purchasing an additional 3,972 shares during the period. Farther Finance Advisors LLC raised its position in MicroStrategy by 3,905.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,605 shares of the software maker’s stock valued at $608,000 after purchasing an additional 3,515 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of MicroStrategy by 857.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 12,302 shares of the software maker’s stock valued at $2,074,000 after buying an additional 11,017 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of MicroStrategy by 848.8% during the third quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after buying an additional 33,105 shares in the last quarter. 72.03% of the stock is 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.