MicroStrategy (NASDAQ:MSTR) Trading Up 6.3% – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) shot up 6.3% during trading on Monday . The company traded as high as $364.88 and last traded at $360.96. 10,259,415 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 17,274,043 shares. The stock had previously closed at $339.66.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Monday. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

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 stock has a market cap of $89.31 billion, a PE ratio of -176.88 and a beta of 3.25. The business has a 50 day moving average price of $343.44 and a two-hundred day moving average price of $220.81.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the prior year, the company earned ($8.98) earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 in the last 90 days. Company insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several large investors have recently bought and sold shares of MSTR. Savant Capital LLC grew its stake in MicroStrategy by 2.6% in the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock worth $825,000 after purchasing an additional 15 shares during the period. Ballentine Partners LLC grew its position in shares of MicroStrategy by 5.0% in the 2nd quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock worth $431,000 after buying an additional 15 shares during the period. Larson Financial Group LLC increased its stake in shares of MicroStrategy by 72.3% in the 2nd quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after acquiring an additional 34 shares in the last quarter. Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in MicroStrategy during the second quarter worth about $106,000. 59.84% of the stock is owned by institutional investors.

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.