MicroStrategy (NASDAQ:MSTR) Trading 2.5% Higher – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded up 2.5% during trading on Thursday . The stock traded as high as $390.20 and last traded at $386.85. 8,832,033 shares were traded during mid-day trading, a decline of 55% from the average session volume of 19,421,057 shares. The stock had previously closed at $377.31.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays upped their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Down 0.1 %

The business’s 50 day simple moving average is $366.62 and its two-hundred day simple moving average is $240.20. The stock has a market cap of $90.35 billion, a P/E ratio of -179.27 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm 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%. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($8.98) EPS.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on 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 owns 6,970 shares in the company, valued at $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. In the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. American Century Companies Inc. lifted its stake in MicroStrategy by 20.8% in the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock worth $2,890,000 after purchasing an additional 361 shares during the last quarter. Amalgamated Bank increased its position in shares of MicroStrategy by 72.3% during the second quarter. Amalgamated Bank now owns 870 shares of the software maker’s stock valued at $1,198,000 after buying an additional 365 shares during the period. Intech Investment Management LLC purchased a new position in shares of MicroStrategy during the second quarter valued at about $804,000. AE Wealth Management LLC purchased a new position in shares of MicroStrategy during the second quarter valued at about $603,000. Finally, Sei Investments Co. increased its position in shares of MicroStrategy by 16.9% during the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock valued at $926,000 after buying an additional 97 shares during the period. 59.84% of the stock is currently 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.