MicroStrategy (NASDAQ:MSTR) Stock Price Up 0.3%

MicroStrategy Incorporated (NASDAQ:MSTRGet Free Report)’s share price was up 0.3% during mid-day trading on Tuesday . The stock traded as high as $1,659.49 and last traded at $1,631.86. Approximately 402,378 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,942,370 shares. The stock had previously closed at $1,627.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a research note on Thursday, April 25th. TD Cowen lowered their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th. StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, Canaccord Genuity Group raised their target price on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $1,793.00.

Read Our Latest Analysis on MicroStrategy

MicroStrategy Trading Up 3.4 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50 day simple moving average of $1,439.00 and a two-hundred day simple moving average of $1,004.75.

MicroStrategy (NASDAQ:MSTRGet Free Report) last released its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The company had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $1,201.07, for a total value of $6,005,350.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Jarrod M. Patten sold 3,675 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total value of $5,999,621.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $1,201.07, for a total transaction of $6,005,350.00. The disclosure for this sale can be found here. Insiders sold 52,364 shares of company stock valued at $78,474,756 over the last quarter. 13.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSTR. Capital International Investors lifted its position in shares of MicroStrategy by 14.9% during the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after acquiring an additional 401,071 shares in the last quarter. Norges Bank purchased a new position in shares of MicroStrategy in the 4th quarter valued at about $70,990,000. Northern Trust Corp raised its position in shares of MicroStrategy by 2.1% during the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock worth $35,479,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in MicroStrategy by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after purchasing an additional 6,272 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

About MicroStrategy

(Get Free Report)

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.

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