MicroStrategy (NASDAQ:MSTR) Shares Up 4.4% - Here's Why

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares rose 4.4% on Wednesday . The stock traded as high as $363.99 and last traded at $357.26. Approximately 6,868,133 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 18,815,090 shares. The stock had previously closed at $342.17.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Stock Performance

The stock has a market cap of $86.42 billion, a price-to-earnings ratio of -171.15 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock's 50-day moving average is $357.37 and its 200-day moving average is $230.42.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm posted ($8.98) EPS. The business's revenue was down 10.3% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last quarter. Company insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy during the 2nd quarter worth approximately $106,000. Semmax Financial Advisors Inc. grew its position in shares of MicroStrategy by 900.0% during the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker's stock worth $138,000 after buying an additional 90 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after buying an additional 39 shares during the last quarter. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other 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.