MicroStrategy (NASDAQ:MSTR) Shares Up 5.3% – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price shot up 5.3% during mid-day trading on Tuesday . The company traded as high as $355.89 and last traded at $349.72. 6,339,843 shares traded hands during trading, a decline of 67% from the average session volume of 18,971,965 shares. The stock had previously closed at $332.23.

Analyst Ratings Changes

MSTR has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on shares of MicroStrategy from $300.00 to $510.00 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 objective on shares of MicroStrategy in a research report on Thursday, December 12th. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Barclays lifted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, BTIG Research upped their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Up 7.8 %

The stock has a market capitalization of $85.84 billion, a P/E ratio of -169.99 and a beta of 3.17. 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 50-day simple moving average of $323.66 and a 200 day simple moving average of $210.02.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 company’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($8.98) earnings per share.

Insider Activity at MicroStrategy

In other news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last three months. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTR. UMB Bank n.a. increased its holdings in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP bought a new position in MicroStrategy during the third quarter worth $27,000. Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. grew its holdings in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

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.