MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.1% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 1.1% on Thursday . The company traded as high as $356.11 and last traded at $345.07. 4,481,361 shares were traded during mid-day trading, a decline of 76% from the average session volume of 18,885,936 shares. The stock had previously closed at $341.25.

Analyst Ratings Changes

A number of research firms recently issued reports on MSTR. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Maxim Group raised their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday. They issued an “outperform” rating and a $515.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Finally, TD Cowen increased their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Stock Performance

The stock’s 50 day simple moving average is $362.51 and its two-hundred day simple moving average is $247.80. The company has a market capitalization of $81.50 billion, a P/E ratio of -161.41 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the business earned ($8.98) EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $3,145,979.20. This trade 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. Company insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. UMB Bank n.a. raised its position in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

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.