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

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped up prior to trading on Monday . The stock had previously closed at $234.34, but opened at $244.64. MicroStrategy shares last traded at $249.84, with a volume of 4,020,765 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on MSTR shares. Barclays lifted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. TD Cowen upped their price target on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Benchmark upped their price objective on MicroStrategy from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, Maxim Group upped their target price on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

MicroStrategy Stock Up 5.0 %

The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $43.63 billion, a P/E ratio of -36.79 and a beta of 3.11. The stock has a 50 day moving average price of $161.10 and a 200 day moving average price of $150.13.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The business had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated 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 owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction 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 approximately $912,152. 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 three months. Insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several hedge funds have recently modified their holdings of MSTR. Capital International Investors increased its stake in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after purchasing an additional 232,667 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after acquiring an additional 401,071 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of MicroStrategy by 224,965.1% during the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after purchasing an additional 238,463 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in MicroStrategy by 827.3% during the third quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock worth $38,025,000 after buying an additional 201,210 shares during the last quarter. Finally, Strong Tower Advisory Services raised its position in MicroStrategy by 990.0% in the third quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker’s stock worth $27,089,000 after acquiring an additional 145,928 shares during the period. Institutional investors own 72.03% of the company’s stock.

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.