MicroStrategy (NASDAQ:MSTR) Shares Up 5.3% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $355.89 and last traded at $349.72. 6,339,843 shares were traded during mid-day trading, a decline of 67% from the average session volume of 18,971,965 shares. The stock had previously closed at $332.23.

Analyst Ratings Changes

Several research firms have recently commented on MSTR. Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Canaccord Genuity Group lifted their target price on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Benchmark increased their price target on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $85.84 billion, a P/E ratio of -169.99 and a beta of 3.17. The business has a fifty day moving average of $330.22 and a 200-day moving average of $212.45.

MicroStrategy (NASDAQ:MSTR) last released its quarterly 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 business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($8.98) EPS.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. lifted its holdings in shares of MicroStrategy by 158.7% during the 2nd quarter. Harbour Investments Inc. now owns 670 shares of the software maker’s stock valued at $923,000 after buying an additional 411 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in MicroStrategy by 27.6% in the second quarter. Financial Advocates Investment Management now owns 845 shares of the software maker’s stock worth $1,164,000 after purchasing an additional 183 shares in the last quarter. Arkadios Wealth Advisors increased its position in MicroStrategy by 28.6% during the second quarter. Arkadios Wealth Advisors now owns 247 shares of the software maker’s stock worth $340,000 after buying an additional 55 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after buying an additional 11 shares in the last quarter. Finally, Oxler Private Wealth LLC lifted its position in shares of MicroStrategy by 8.9% in the second quarter. Oxler Private Wealth LLC now owns 209 shares of the software maker’s stock worth $288,000 after buying an additional 17 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.