MicroStrategy (NASDAQ:MSTR) Shares Up 0.6% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $267.89 and last traded at $256.78. Approximately 11,111,172 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 16,469,643 shares. The stock had previously closed at $255.34.

Analyst Upgrades and Downgrades

MSTR has been the subject of several research reports. BTIG Research increased their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Benchmark increased their price objective on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, October 18th. TD Cowen increased their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein cut their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $229.63.

MicroStrategy Stock Performance

The business’s fifty day moving average price is $168.11 and its 200-day moving average price is $152.28. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $43.87 billion, a PE ratio of -177.16 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last announced 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 net margin of 43.69% and a negative return on equity of 14.72%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($8.98) EPS.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $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 can be accessed through this link. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 approximately $1,752,007.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. 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.

Institutional Investors Weigh In On MicroStrategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in MicroStrategy by 30.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock worth $24,331,000 after acquiring an additional 3,333 shares during the period. Miracle Mile Advisors LLC bought a new stake in MicroStrategy during the 1st quarter worth approximately $228,000. Sequoia Financial Advisors LLC bought a new stake in MicroStrategy during the 1st quarter worth approximately $377,000. Jennison Associates LLC bought a new stake in MicroStrategy during the 1st quarter worth approximately $806,000. Finally, PNC Financial Services Group Inc. raised its position in shares of MicroStrategy by 300.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 124 shares of the software maker’s stock valued at $78,000 after buying an additional 93 shares during the last quarter. Institutional investors own 72.03% 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.