MicroStrategy (NASDAQ:MSTR) Shares Up 1.5% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares traded up 1.5% on Wednesday . The stock traded as high as $258.28 and last traded at $254.38. 5,878,428 shares traded hands during trading, a decline of 65% from the average session volume of 16,764,930 shares. The stock had previously closed at $250.51.

Analyst Ratings Changes

A number of brokerages recently commented on MSTR. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Barclays lowered their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Maxim Group upped their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Stock Up 3.0 %

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 firm has a market capitalization of $61.82 billion, a P/E ratio of -45.98 and a beta of 3.25. The firm's 50 day moving average is $337.07 and its two-hundred day moving average is $270.85.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of MSTR. Riverview Trust Co purchased a new position in MicroStrategy during the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth about $25,000. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy in the fourth quarter worth $26,000. Finally, Capital Performance Advisors LLP bought a new stake in MicroStrategy during the 3rd quarter valued at $27,000. 59.84% 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.

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