MicroStrategy (NASDAQ:MSTR) Stock Price Up 3.8% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price rose 3.8% during trading on Friday . The stock traded as high as $256.63 and last traded at $249.28. Approximately 8,237,364 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 16,927,111 shares. The stock had previously closed at $240.05.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of analyst reports. Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 6.4 %

The stock’s fifty day simple moving average is $331.44 and its two-hundred day simple moving average is $272.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market capitalization of $61.23 billion, a price-to-earnings ratio of -45.35 and a beta of 3.25.

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

Institutional Trading of MicroStrategy

Several hedge funds have recently made changes to their positions in MSTR. National Bank of Canada FI increased its position in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy in the 4th quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. bought a new stake in MicroStrategy in the 3rd quarter valued at about $254,000. Clarity Capital Partners LLC lifted its position in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 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.