MicroStrategy (NASDAQ:MSTR) Shares Up 3.7% - Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares shot up 3.7% during trading on Tuesday . The stock traded as high as $295.61 and last traded at $298.97. 4,651,944 shares changed hands during trading, a decline of 74% from the average session volume of 18,185,934 shares. The stock had previously closed at $288.27.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Monness Crespi & Hardt downgraded MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a report on Tuesday, April 1st. Cantor Fitzgerald upped their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods began coverage on MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

MicroStrategy Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $75.56 billion, a price-to-earnings ratio of -52.12 and a beta of 3.36. The stock's 50 day moving average is $305.50 and its two-hundred day moving average is $300.59.

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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 the consensus estimate 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 Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the period. Riverview Trust Co purchased a new position in MicroStrategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC boosted its position 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 worth $27,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds 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.