MicroStrategy (NASDAQ:MSTR) Trading Up 1.8% - Here's Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 1.8% on Monday . The company traded as high as $295.10 and last traded at $260.08. Approximately 14,684,819 shares were traded during trading, a decline of 15% from the average daily volume of 17,203,506 shares. The stock had previously closed at $255.43.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of recent analyst reports. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Trading Up 9.7 %

The business has a 50-day moving average price of $328.15 and a two-hundred day moving average price of $275.23. The stock has a market capitalization of $70.81 billion, a P/E ratio of -48.85 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Institutional Trading of MicroStrategy

A number of institutional investors have recently modified their holdings of MSTR. Geode Capital Management LLC lifted 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 period. Norges Bank bought a new stake in shares of MicroStrategy during the 4th quarter worth $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of MicroStrategy by 971.3% during 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 buying an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MicroStrategy by 587.4% during 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 during the last quarter. Finally, Swiss National Bank lifted its position in shares of MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares during the last quarter. 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.