MicroStrategy (NASDAQ:MSTR) Trading 2% Higher – Should You Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) shot up 2% during trading on Wednesday . The stock traded as high as $383.40 and last traded at $363.74. 15,966,139 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 16,950,887 shares. The stock had previously closed at $356.59.

Wall Street Analyst Weigh In

MSTR has been the subject of several analyst reports. Maxim Group lifted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein cut their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. BTIG Research raised their price objective on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Cantor Fitzgerald assumed coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Finally, TD Cowen increased their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Trading Down 0.2 %

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 firm has a 50 day moving average of $200.30 and a two-hundred day moving average of $163.83.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($8.98) earnings per share.

Insiders Place Their Bets

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s 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 transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,950 shares of company stock valued at $23,282,668. 13.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares during the period. Capital Performance Advisors LLP bought a new stake in MicroStrategy during the third quarter valued at $27,000. ST Germain D J Co. Inc. grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after acquiring an additional 153 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in MicroStrategy during the 3rd quarter worth about $32,000. 72.03% of the stock is 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.