MicroStrategy (NASDAQ:MSTR) Trading Up 4.6% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded up 4.6% during trading on Wednesday . The company traded as high as $298.65 and last traded at $296.25. 4,460,861 shares were traded during mid-day trading, a decline of 75% from the average session volume of 18,203,990 shares. The stock had previously closed at $283.19.

Wall Street Analyst Weigh In

MSTR has been the topic of several analyst reports. Monness Crespi & Hardt initiated coverage on MicroStrategy in a report on Wednesday. They set a "neutral" rating on the stock. Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, 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. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $536.90.

MicroStrategy Stock Up 0.6 %

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 50 day simple moving average of $317.11 and a two-hundred day simple moving average of $287.84. The stock has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co purchased a new position in MicroStrategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy in the fourth quarter valued at about $25,000. Quadrant Capital Group LLC grew its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new position in MicroStrategy in the fourth quarter valued at about $26,000. Finally, Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.