MicroStrategy (NASDAQ:MSTR) Shares Up 3.9% - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares rose 3.9% on Monday . The company traded as high as $344.89 and last traded at $337.73. Approximately 13,875,971 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 16,244,744 shares. The stock had previously closed at $324.92.

Analyst Ratings Changes

MSTR has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Barclays dropped their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. One investment 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's stock. Based on data from MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Trading Down 7.5 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock's 50-day moving average is $344.48 and its two-hundred day moving average is $265.91. The stock has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25.

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

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its position in MicroStrategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after purchasing an additional 30 shares during the last quarter. Family Management Corp lifted its position in MicroStrategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Oder Investment Management LLC lifted its position in MicroStrategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

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.