MicroStrategy (NASDAQ:MSTR) Trading 3.2% Higher - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded up 3.2% during trading on Tuesday . The stock traded as high as $349.71 and last traded at $338.86. 6,313,506 shares were traded during mid-day trading, a decline of 66% from the average session volume of 18,800,207 shares. The stock had previously closed at $328.40.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MSTR shares. Barclays upped their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. TD Cowen increased their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday. Canaccord Genuity Group upped their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $479.25.

MicroStrategy Price Performance

The stock's 50-day moving average is $359.42 and its 200 day moving average is $231.33. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $87.88 billion, a PE ratio of -174.04 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the firm posted ($8.98) EPS. The firm's revenue for the quarter was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company's stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last quarter. Company insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. acquired a new stake in MicroStrategy during the 4th quarter worth approximately $351,000. Ballentine Partners LLC grew its position in MicroStrategy by 6.5% in the 4th quarter. Ballentine Partners LLC now owns 3,322 shares of the software maker's stock valued at $962,000 after buying an additional 202 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in MicroStrategy in the 4th quarter valued at $450,000. Wealthquest Corp acquired a new stake in shares of MicroStrategy in the 4th quarter worth $290,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of MicroStrategy by 14.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker's stock valued at $193,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds 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.

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