MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report)’s share price traded up 7.5% during mid-day trading on Monday . The company traded as high as $191.71 and last traded at $189.76. 7,781,431 shares changed hands during trading, a decline of 52% from the average session volume of 16,149,763 shares. The stock had previously closed at $176.51.
Analyst Upgrades and Downgrades
MSTR has been the topic of a number of recent analyst reports. Maxim Group lifted their price target on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. TD Cowen increased their target price on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, Benchmark boosted their target price on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $202.13.
MicroStrategy Stock Performance
The firm’s 50-day simple moving average is $141.64 and its two-hundred day simple moving average is $145.71. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $33.01 billion, a PE ratio of -28.30 and a beta of 3.11.
MicroStrategy (NASDAQ:MSTR – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The company had revenue of $111.44 million for the quarter, compared to analysts’ expectations of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share.
Insider Buying and Selling
In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,838 shares of company stock worth $13,950,265. Corporate insiders own 13.18% of the company’s stock.
Hedge Funds Weigh In On MicroStrategy
Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. CIBC Private Wealth Group LLC grew its holdings in shares of MicroStrategy by 23.4% during 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 increased its holdings in MicroStrategy by 152.6% in 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. Claro Advisors LLC acquired a new position in shares of MicroStrategy in the 1st quarter valued at $877,000. Virtu Financial LLC lifted its holdings in shares of MicroStrategy by 151.6% during the 4th quarter. Virtu Financial LLC now owns 2,750 shares of the software maker’s stock worth $1,737,000 after acquiring an additional 1,657 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of MicroStrategy by 30.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock valued at $24,331,000 after acquiring an additional 3,333 shares in the last quarter. 72.03% of the stock is currently owned by 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.