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.
See Also
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
