MicroStrategy (NASDAQ:MSTR) Trading Up 1.7% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded up 1.7% during trading on Friday . The stock traded as high as $405.33 and last traded at $398.97. 5,959,879 shares traded hands during trading, a decline of 68% from the average session volume of 18,721,549 shares. The stock had previously closed at $392.19.

Analysts Set New Price Targets

MSTR has been the subject of a number of research reports. Benchmark lifted their price target on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Cantor Fitzgerald initiated coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Finally, Maxim Group boosted their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Price Performance

The firm has a market cap of $80.72 billion, a price-to-earnings ratio of -189.35 and a beta of 3.17. The stock has a 50-day moving average price of $298.97 and a 200 day moving average price of $199.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results 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). The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its stake in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after purchasing an additional 3,773 shares in the last quarter. Freedom Investment Management Inc. bought a new stake in shares of MicroStrategy during the 3rd quarter worth $737,000. Vinva Investment Management Ltd acquired a new position in shares of MicroStrategy in the 3rd quarter worth $246,000. Hartline Investment Corp raised its holdings in MicroStrategy by 1,064.6% during the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after buying an additional 4,865 shares during the period. Finally, Virtu Financial LLC lifted its position in shares of MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

About MicroStrategy

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.