MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price was up 7.4% during trading on Friday . The stock traded as high as $283.80 and last traded at $282.75. Approximately 6,174,477 shares traded hands during trading, a decline of 67% from the average daily volume of 18,563,012 shares. The stock had previously closed at $263.26.
Analysts Set New Price Targets
Several equities research analysts recently commented on MSTR shares. 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. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Benchmark reiterated a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. 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. Finally, BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $536.90.
Get Our Latest Stock Analysis on MSTR
MicroStrategy Trading Up 13.0 %
The company has a market cap of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The firm has a 50-day moving average price of $321.59 and a 200 day moving average price of $281.99. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its 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 return on equity of 19.01% and a negative net margin of 251.73%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MSTR. Geode Capital Management LLC boosted its position in MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after purchasing an additional 2,512,645 shares during the period. Norges Bank acquired a new position in MicroStrategy during the 4th quarter valued at approximately $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $107,855,000 after purchasing an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $111,994,000 after purchasing an additional 567,628 shares during the period. Finally, Swiss National Bank boosted its position in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after purchasing an additional 421,600 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.
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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