MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shot up 7.4% during mid-day trading on Friday . The company traded as high as $283.80 and last traded at $282.75. 6,174,477 shares were traded during trading, a decline of 67% from the average session volume of 18,563,012 shares. The stock had previously closed at $263.26.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MSTR. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $536.90.
Check Out Our Latest Research Report on MicroStrategy
MicroStrategy Price Performance
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 company has a market cap of $76.56 billion, a PE ratio of -52.81 and a beta of 3.36. The company's 50-day simple moving average is $321.59 and its 200 day simple moving average is $281.99.
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 the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Institutional Investors Weigh In On MicroStrategy
Several institutional investors have recently modified their holdings of MSTR. Geode Capital Management LLC lifted its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Norges Bank acquired a new stake in MicroStrategy during the 4th quarter worth $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after acquiring an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Finally, Swiss National Bank raised its stake in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after acquiring an additional 421,600 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.
MicroStrategy Company Profile
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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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