MicroStrategy (NASDAQ:MSTR) Shares Up 2.1% – Should You Buy?

by · The Markets Daily

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report)’s stock price traded up 2.1% on Thursday . The stock traded as high as $264.35 and last traded at $263.21. 5,270,919 shares changed hands during trading, a decline of 68% from the average session volume of 16,614,734 shares. The stock had previously closed at $257.81.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSTR. BTIG Research upped their price objective on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays lifted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen raised their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began 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. Finally, Benchmark upped their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $271.13.

Check Out Our Latest Stock Analysis on MicroStrategy

MicroStrategy Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $49.66 billion, a P/E ratio of -124.92 and a beta of 3.05. The business’s 50 day moving average is $177.71 and its two-hundred day moving average is $156.25.

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

Insider Transactions at MicroStrategy

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

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in MSTR. Allspring Global Investments Holdings LLC purchased a new position in shares of MicroStrategy in the first quarter worth about $58,000. Janney Montgomery Scott LLC grew its stake in MicroStrategy by 16.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock valued at $5,487,000 after buying an additional 464 shares in the last quarter. Jennison Associates LLC bought a new stake in MicroStrategy during the 1st quarter valued at $806,000. Wealthspire Advisors LLC purchased a new stake in shares of MicroStrategy during the first quarter worth $203,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of MicroStrategy in the first quarter worth $409,000. Hedge funds and other institutional investors own 72.03% 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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