MicroStrategy (NASDAQ:MSTR) Stock Price Up 3.7% - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 3.7% during trading on Tuesday . The stock traded as high as $295.61 and last traded at $298.97. 4,651,944 shares were traded during trading, a decline of 74% from the average session volume of 18,185,934 shares. The stock had previously closed at $288.27.

Analysts Set New Price Targets

A number of brokerages recently commented on MSTR. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt downgraded shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a report on Tuesday. Barclays decreased 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. Canaccord Genuity Group reduced 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. Finally, Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

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MicroStrategy Price Performance

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 firm has a market capitalization of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. The company has a 50-day moving average price of $306.70 and a 200-day moving average price of $298.31.

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%.

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of the business. National Bank of Canada FI increased its position in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after purchasing an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at about $81,783,000. Clarity Capital Partners LLC raised its holdings in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the third quarter worth about $254,000. Finally, Wellington Management Group LLP boosted its stake in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after buying an additional 6,104 shares during the period. 59.84% of the stock is 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.