MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price was up 3.4% on Tuesday . The stock traded as high as $247.50 and last traded at $247.52. Approximately 6,829,460 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 18,821,187 shares. The stock had previously closed at $239.27.
Wall Street Analyst Weigh In
Several analysts have weighed in on MSTR shares. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Barclays dropped their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Check Out Our Latest Research Report on MSTR
MicroStrategy Stock Up 0.8 %
The firm's 50-day moving average price is $323.17 and its 200 day moving average price is $280.08. The company has a market capitalization of $67.57 billion, a price-to-earnings ratio of -46.61 and a beta of 3.36. 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 announced 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%.
Institutional Investors Weigh In On MicroStrategy
Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. QRG Capital Management Inc. bought a new stake in shares of MicroStrategy during the 3rd quarter valued at approximately $295,000. Amalgamated Bank grew its holdings in shares of MicroStrategy by 862.3% during the 3rd quarter. Amalgamated Bank now owns 8,372 shares of the software maker's stock valued at $1,412,000 after purchasing an additional 7,502 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of MicroStrategy by 781.4% during the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker's stock valued at $7,837,000 after purchasing an additional 41,209 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy during the 3rd quarter valued at approximately $27,000. Finally, Mesirow Financial Investment Management Inc. grew its holdings in MicroStrategy by 900.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker's stock worth $337,000 after acquiring an additional 1,800 shares during the last quarter. 59.84% of the stock is owned by institutional investors.
MicroStrategy Company Profile
(
Get Free Report)
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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