MicroStrategy (NASDAQ:MSTR) Shares Up 4.6% - Here's Why

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 4.6% during mid-day trading on Monday . The company traded as high as $358.71 and last traded at $356.36. 6,611,767 shares traded hands during trading, a decline of 61% from the average session volume of 17,123,439 shares. The stock had previously closed at $340.65.

Analysts Set New Price Targets

A number of research analysts have recently commented on MSTR shares. Sanford C. Bernstein dropped their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Canaccord Genuity Group boosted their target price on MicroStrategy from $173.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an "overweight" rating and a $194.00 price target on the stock. Benchmark lifted their price target on MicroStrategy from $245.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, BTIG Research increased their target price on MicroStrategy from $180.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.13.

MicroStrategy Stock Performance

The firm's 50-day simple moving average is $204.83 and its two-hundred day simple moving average is $166.15. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $75.08 billion, a PE ratio of -174.21 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 business had revenue of $116.07 million for the quarter, compared to analysts' expectations of $121.45 million. During the same quarter in the prior year, the company posted ($8.98) EPS. The business's revenue for the quarter was down 10.3% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the transaction, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,954 shares of company stock valued at $30,553,037 in the last ninety days. Insiders own 13.18% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after purchasing an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after purchasing an additional 567,628 shares in the last quarter. Swiss National Bank boosted its position in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker's stock worth $2,647,263,000 after purchasing an additional 401,071 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

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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