MicroStrategy (NASDAQ:MSTR) Shares Up 1.2% - Here's Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) were up 1.2% on Wednesday . The company traded as high as $310.59 and last traded at $309.64. Approximately 4,289,368 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 17,809,913 shares. The stock had previously closed at $306.02.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several research analyst reports. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $508.09.

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MicroStrategy Trading Up 4.0 %

The firm's 50-day simple moving average is $305.50 and its 200-day simple moving average is $299.41. 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 quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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 Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MSTR. Maryland State Retirement & Pension System boosted its position in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 30 shares in 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 buying an additional 30 shares during the period. 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 buying an additional 35 shares during the period. Oder Investment Management LLC grew its position in shares of MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after buying an additional 38 shares during the period. Finally, Versant Capital Management Inc grew its holdings in 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 purchasing an additional 39 shares during the period. 59.84% of the stock is currently 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.