MicroStrategy (NASDAQ:MSTR) Shares Up 4.6% - Time to Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 4.6% during mid-day trading on Wednesday . The company traded as high as $298.65 and last traded at $296.25. Approximately 4,460,861 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 18,203,990 shares. The stock had previously closed at $283.19.

Wall Street Analyst Weigh In

Several analysts recently commented on MSTR shares. Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. 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. Monness Crespi & Hardt assumed coverage on shares of MicroStrategy in a research report on Wednesday, March 19th. They set a "neutral" rating for the company. Finally, Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $536.90.

MicroStrategy Stock Up 10.4 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company's 50-day moving average price is $317.26 and its 200 day moving average price is $290.51. The stock has a market capitalization of $86.40 billion, a P/E ratio of -59.60 and a beta of 3.36.

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

Insider Activity at MicroStrategy

In related news, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phong Le purchased 6,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000. 9.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC boosted its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Norges Bank purchased a new stake in MicroStrategy during the fourth quarter valued at $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after buying an additional 567,628 shares in the last quarter. Finally, Amundi increased its holdings in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the last quarter. Hedge funds and other 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.