MicroStrategy (NASDAQ:MSTR) Shares Up 5.3% – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were up 5.3% on Tuesday . The company traded as high as $355.89 and last traded at $349.72. Approximately 6,339,843 shares changed hands during trading, a decline of 67% from the average daily volume of 18,971,965 shares. The stock had previously closed at $332.23.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MSTR shares. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Maxim Group raised their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Benchmark boosted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Trading Up 7.8 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $85.84 billion, a PE ratio of -169.99 and a beta of 3.17. The firm’s fifty day moving average is $323.66 and its two-hundred day moving average is $210.02.

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). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business posted ($8.98) earnings per share.

Insider Activity at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated 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 owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MSTR. Cambridge Investment Research Advisors Inc. grew its position in shares of MicroStrategy by 3.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,665 shares of the software maker’s stock valued at $14,691,000 after purchasing an additional 369 shares in the last quarter. Harbour Investments Inc. grew its holdings in MicroStrategy by 158.7% during the 2nd quarter. Harbour Investments Inc. now owns 670 shares of the software maker’s stock valued at $923,000 after buying an additional 411 shares in the last quarter. Financial Advocates Investment Management increased its position in shares of MicroStrategy by 27.6% during the second quarter. Financial Advocates Investment Management now owns 845 shares of the software maker’s stock valued at $1,164,000 after buying an additional 183 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of MicroStrategy by 28.6% in the second quarter. Arkadios Wealth Advisors now owns 247 shares of the software maker’s stock worth $340,000 after buying an additional 55 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of MicroStrategy in the second quarter valued at approximately $138,000. 59.84% of the stock is currently owned by hedge funds and other 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.