MicroStrategy (NASDAQ:MSTR) Trading 8.2% Higher

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price was up 8.2% during trading on Thursday . The company traded as high as $164.88 and last traded at $164.39. Approximately 5,807,771 shares changed hands during trading, a decline of 64% from the average daily volume of 16,223,403 shares. The stock had previously closed at $151.94.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Maxim Group boosted their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a report on Friday, August 2nd. TD Cowen increased their price target on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. Benchmark lifted their price objective on MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays boosted their target price on shares of MicroStrategy from $146.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $202.13.

MicroStrategy Price Performance

The firm has a market cap of $29.52 billion, a P/E ratio of -24.54 and a beta of 3.10. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $141.85 and its two-hundred day moving average is $145.39.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The business had revenue of $111.44 million during the quarter, compared to analysts’ expectations of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. MicroStrategy’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 EPS.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,838 shares of company stock valued at $13,950,265. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its holdings in MicroStrategy by 23.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after purchasing an additional 500 shares in the last quarter. VitalStone Financial LLC raised its holdings in MicroStrategy by 152.6% during the 4th quarter. VitalStone Financial LLC now owns 576 shares of the software maker’s stock valued at $364,000 after buying an additional 348 shares during the period. BOCHK Asset Management Ltd bought a new stake in MicroStrategy in the fourth quarter worth $726,000. Claro Advisors LLC purchased a new position in MicroStrategy during the first quarter worth $877,000. Finally, Virtu Financial LLC increased its position in MicroStrategy by 151.6% during the fourth quarter. Virtu Financial LLC now owns 2,750 shares of the software maker’s stock valued at $1,737,000 after acquiring an additional 1,657 shares during the last quarter. 72.03% 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.