MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.7% – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) was up 1.7% during trading on Friday . The stock traded as high as $405.33 and last traded at $398.97. Approximately 5,959,879 shares traded hands during trading, a decline of 68% from the average daily volume of 18,721,549 shares. The stock had previously closed at $392.19.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Barclays increased their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Performance

The firm has a market capitalization of $82.81 billion, a P/E ratio of -193.96 and a beta of 3.17. The company has a 50-day moving average of $303.61 and a 200-day moving average of $201.30. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company posted ($8.98) EPS.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

Several large investors have recently modified their holdings of MSTR. B. Riley Wealth Advisors Inc. acquired a new position in shares of MicroStrategy during the 3rd quarter valued at $254,000. Beaird Harris Wealth Management LLC raised its holdings in shares of MicroStrategy by 1,105.2% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker’s stock valued at $782,000 after purchasing an additional 4,255 shares during the period. Franklin Resources Inc. boosted its position in shares of MicroStrategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after purchasing an additional 135 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after buying an additional 2,115 shares during the period. Finally, Sanctuary Advisors LLC increased its position in MicroStrategy by 3,250.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after buying an additional 14,011 shares in the last quarter. 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.