MicroStrategy (NASDAQ:MSTR) Trading 8.2% Higher – Time to Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) shot up 8.2% during trading on Wednesday . The stock traded as high as $393.90 and last traded at $382.70. 13,815,979 shares traded hands during trading, a decline of 25% from the average session volume of 18,357,451 shares. The stock had previously closed at $353.69.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday. Barclays increased their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Finally, Sanford C. Bernstein upped their price target on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Up 9.9 %

The firm’s 50 day simple moving average is $243.51 and its 200-day simple moving average is $180.24. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $78.78 billion, a price-to-earnings ratio of -183.44 and a beta of 3.05.

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 for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) earnings per share.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction that occurred on 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 approximately $1,459,514.70. This trade represents a 90.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last quarter. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MSTR. Franklin Resources Inc. boosted its position in MicroStrategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after acquiring an additional 135 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of MicroStrategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after purchasing an additional 2,115 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of MicroStrategy by 3,250.8% in the third quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after purchasing an additional 14,011 shares during the period. Virtu Financial LLC increased its stake in MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in MicroStrategy by 1,063.6% during the third quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock worth $1,814,000 after buying an additional 9,817 shares during the period. 72.03% of the stock is currently 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.