MicroStrategy (NASDAQ:MSTR) Trading Up 0.6% – Here’s Why

by · The Cerbat Gem

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report)’s share price shot up 0.6% during trading on Tuesday . The stock traded as high as $267.89 and last traded at $256.78. 11,111,172 shares were traded during mid-day trading, a decline of 33% from the average session volume of 16,469,643 shares. The stock had previously closed at $255.34.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group decreased their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Barclays raised their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. BTIG Research increased their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Finally, Maxim Group upped their price objective on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $220.00.

View Our Latest Research Report on MSTR

MicroStrategy Stock Up 0.8 %

The firm has a 50-day moving average price of $163.50 and a two-hundred day moving average price of $150.84. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of -183.94 and a beta of 3.11. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last posted its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The firm had revenue of $111.44 million during the quarter, compared to analysts’ expectations of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock valued at $13,950,265 over the last ninety days. Corporate insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC grew its holdings in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in MicroStrategy during the first quarter worth approximately $58,000. FinTrust Capital Advisors LLC purchased a new position in MicroStrategy during the first quarter worth approximately $85,000. Finally, Signaturefd LLC boosted its holdings in shares of MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Company Profile

(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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