MicroStrategy (NASDAQ:MSTR) Trading Up 0% – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) rose 0% on Thursday . The company traded as high as $333.49 and last traded at $329.35. Approximately 4,383,394 shares changed hands during trading, a decline of 75% from the average daily volume of 17,870,369 shares. The stock had previously closed at $329.31.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSTR. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays dropped their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

The company has a market capitalization of $82.78 billion, a price-to-earnings ratio of -57.10 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50-day moving average price of $316.62 and a 200-day moving average price of $292.37.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew Kang purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker’s stock valued at $912,000 after purchasing an additional 5,069 shares in the last quarter. Quest Partners LLC bought a new stake in MicroStrategy during the third quarter worth $208,000. Commerce Bank acquired a new position in shares of MicroStrategy during the 3rd quarter worth $419,000. Intech Investment Management LLC boosted its stake in MicroStrategy by 1,136.8% in the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after buying an additional 6,639 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its position in MicroStrategy by 1,109.4% in the third quarter. Great Valley Advisor Group Inc. now owns 2,310 shares of the software maker’s stock valued at $389,000 after acquiring an additional 2,119 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.