MicroStrategy (NASDAQ:MSTR) Trading 1.4% Higher – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 1.4% on Friday . The company traded as high as $330.96 and last traded at $329.45. Approximately 3,140,522 shares traded hands during trading, a decline of 81% from the average daily volume of 16,569,750 shares. The stock had previously closed at $324.92.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSTR. Cantor Fitzgerald lifted their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. 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 report on Thursday, November 21st. Mizuho started coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

The business’s 50 day moving average is $349.12 and its 200 day moving average is $261.78. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Insider Buying and Selling at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in shares of MicroStrategy by 1,294.2% during the third quarter. Creative Planning now owns 89,784 shares of the software maker’s stock valued at $15,138,000 after acquiring an additional 83,344 shares in the last quarter. NBC Securities Inc. increased its holdings in MicroStrategy by 900.0% during the 3rd quarter. NBC Securities Inc. now owns 820 shares of the software maker’s stock worth $138,000 after purchasing an additional 738 shares during the period. Vontobel Holding Ltd. raised its position in MicroStrategy by 411.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 24,710 shares of the software maker’s stock valued at $4,166,000 after purchasing an additional 19,876 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of MicroStrategy by 1,854.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 9,048 shares of the software maker’s stock worth $1,525,000 after buying an additional 8,585 shares during the period. Finally, Teamwork Financial Advisors LLC bought a new position in shares of MicroStrategy during the 3rd quarter worth $381,000. Institutional investors own 59.84% of the company’s stock.

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.