MicroStrategy (NASDAQ:MSTR) Trading Up 4.6% - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price rose 4.6% during trading on Friday . The company traded as high as $417.62 and last traded at $406.80. Approximately 9,316,659 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 18,405,018 shares. The stock had previously closed at $388.84.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of research analyst reports. Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 price target for the company. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday. Finally, Sanford C. Bernstein raised their price objective on MicroStrategy from $290.00 to $600.00 and gave the stock an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, MicroStrategy currently has an average rating of "Moderate Buy" and an average price target of $479.25.

MicroStrategy Stock Performance

The stock has a market capitalization of $78.52 billion, a PE ratio of -193.07 and a beta of 3.05. The firm has a 50 day moving average price of $253.51 and a 200-day moving average price of $183.14. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm's revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) earnings per share.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company's stock, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred 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 completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last ninety days. Company insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

Institutional investors have recently made changes to their positions in the company. UMB Bank n.a. lifted its position in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after buying an additional 135 shares in the last quarter. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new stake in MicroStrategy in the third quarter valued at $27,000. Sunbelt Securities Inc. raised its position in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after purchasing an additional 153 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

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.