MicroStrategy (NASDAQ:MSTR) Shares Up 0.8% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price shot up 0.8% during trading on Thursday . The company traded as high as $327.83 and last traded at $321.32. 4,378,763 shares were traded during trading, a decline of 73% from the average session volume of 16,354,925 shares. The stock had previously closed at $318.67.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Maxim Group lifted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

The company has a 50 day moving average price of $345.85 and a 200-day moving average price of $265.51. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market cap of $77.08 billion, a price-to-earnings ratio of -57.07 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its earnings results 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%.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System boosted its holdings in shares of MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares in the last quarter. Family Management Corp lifted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares in the last quarter. Oder Investment Management LLC lifted its holdings in shares of MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. 59.84% of the stock is currently owned by 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.