MicroStrategy (NASDAQ:MSTR) Shares Gap Up - Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $255.43, but opened at $293.15. MicroStrategy shares last traded at $270.08, with a volume of 10,460,784 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on 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. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Price Performance

The business's 50 day moving average is $328.15 and its 200-day moving average is $275.23. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $72.36 billion, a P/E ratio of -49.93 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Riverview Trust Co bought a new stake in MicroStrategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter valued at approximately $25,000. Dunhill Financial LLC bought a new position in MicroStrategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC raised its holdings in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

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.