MicroStrategy (NASDAQ:MSTR) Shares Up 3.8% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 3.8% on Tuesday . The company traded as high as $383.84 and last traded at $381.12. 3,436,002 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 17,917,651 shares. The stock had previously closed at $367.18.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSTR. Monness Crespi & Hardt cut MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Tuesday, April 1st. HC Wainwright initiated coverage on MicroStrategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective on the stock. Barclays reiterated a “hold” rating on shares of MicroStrategy in a research note on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of MicroStrategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and a consensus price target of $514.42.

MicroStrategy Stock Up 4.1%

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $104.52 billion, a P/E ratio of -17.53 and a beta of 3.74. The firm has a 50 day moving average of $376.28 and a 200-day moving average of $340.83.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis.

Insider Activity

In other news, Director Carl J. Rickertsen sold 26,390 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director now directly owns 980 shares in the company, valued at approximately $364,952. This represents a 96.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 339 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $374.55, for a total value of $126,972.45. Following the completion of the sale, the chief accounting officer now owns 8,605 shares in the company, valued at approximately $3,223,002.75. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 25,277 shares of company stock worth $2,312,345 and have sold 70,621 shares worth $25,935,717. Corporate insiders own 8.46% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently modified their holdings of MSTR. Maryland State Retirement & Pension System boosted its holdings in shares of MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after acquiring an additional 30 shares in the last quarter. Family Management Corp boosted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after acquiring an additional 30 shares in the last quarter. Oder Investment Management LLC boosted its holdings in shares of MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after acquiring an additional 38 shares in the last quarter. Summit Financial LLC boosted its holdings in shares of MicroStrategy by 5.3% in the 1st quarter. Summit Financial LLC now owns 815 shares of the software maker’s stock worth $235,000 after acquiring an additional 41 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of MicroStrategy by 2.3% in the 1st quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker’s stock worth $591,000 after acquiring an additional 46 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.