MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 1.4% during trading on Friday . The company traded as high as $330.96 and last traded at $329.45. Approximately 3,140,522 shares changed hands during trading, a decline of 81% from the average daily volume of 16,569,750 shares. The stock had previously closed at $324.92.
Analysts Set New Price Targets
Several research firms have recently weighed in on MSTR. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Cantor Fitzgerald raised their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Mizuho initiated coverage on shares of 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 sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.
Get Our Latest Stock Report on MSTR
MicroStrategy Trading Down 4.6 %
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 has a market cap of $76.37 billion, a P/E ratio of -56.57 and a beta of 3.25. The firm's fifty day moving average price is $345.85 and its two-hundred day moving average price is $265.51.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced 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 return on equity of 19.01% and a negative net margin of 251.73%.
Insider Activity at MicroStrategy
In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.16% of the stock is currently owned by insiders.
Hedge Funds Weigh In On MicroStrategy
A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the last quarter. Riverview Trust Co purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC grew its holdings in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
About MicroStrategy
(
Get Free Report)
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.
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