MicroStrategy (NASDAQ:MSTR) Shares Up 1.4% – What’s Next?

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. BTIG Research increased their price objective 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. Finally, Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Up 3.9 %

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

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.16% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Hedge funds have recently added to or reduced their stakes in the company. AlphaMark Advisors LLC boosted its stake in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Riverview Trust Co acquired a new stake in MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth $25,000. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the third quarter valued at about $27,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.