MicroStrategy (NASDAQ:MSTR) Trading 8.1% Higher – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 8.1% on Wednesday . The company traded as high as $261.20 and last traded at $246.21. 11,075,309 shares were traded during trading, a decline of 33% from the average session volume of 16,596,822 shares. The stock had previously closed at $227.80.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSTR. Cantor Fitzgerald initiated coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Barclays boosted 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. Sanford C. Bernstein lowered their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Benchmark lifted their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One 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, the company has an average rating of “Moderate Buy” and a consensus target price of $271.13.

MicroStrategy Stock Up 13.2 %

The company has a market capitalization of $45.73 billion, a P/E ratio of -122.36 and a beta of 3.05. 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 fifty day simple moving average of $175.19 and a 200-day simple moving average of $155.53.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) 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 firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same quarter last year, the firm earned ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Activity at MicroStrategy

In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. Empowered Funds LLC bought a new position in shares of MicroStrategy in the third quarter valued at about $440,000. CIBC Asset Management Inc boosted its position in shares of MicroStrategy by 935.8% in the third quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock valued at $732,000 after acquiring an additional 3,921 shares during the period. Lifeworks Advisors LLC acquired a new position in shares of MicroStrategy in the third quarter valued at about $225,000. Kapstone Financial Advisors LLC raised its stake in MicroStrategy by 885.8% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 70,291 shares of the software maker’s stock worth $12,387,000 after purchasing an additional 63,161 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in MicroStrategy by 952.6% in the 3rd quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker’s stock valued at $337,000 after acquiring an additional 1,810 shares in the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Company Profile

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.