MicroStrategy (NASDAQ:MSTR) Trading 3.5% Higher – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price was up 3.5% during mid-day trading on Thursday . The company traded as high as $310.80 and last traded at $299.75. Approximately 7,769,340 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 19,012,463 shares. The stock had previously closed at $289.62.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MSTR shares. Maxim Group increased their target price 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 upped their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Benchmark increased their price target on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Performance

The firm’s 50-day simple moving average is $343.44 and its two-hundred day simple moving average is $219.78. The stock has a market capitalization of $81.40 billion, a PE ratio of -161.20 and a beta of 3.25. 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 announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the previous year, the firm posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the firm’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 transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % 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 worth $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after buying an additional 567,628 shares during the period. Swiss National Bank raised its position in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after acquiring an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares during the period. 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.