MicroStrategy (NASDAQ:MSTR) Stock Price Up 8% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 8% on Monday . The company traded as high as $398.68 and last traded at $396.50. Approximately 24,214,007 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 19,841,848 shares. The stock had previously closed at $367.00.

Analyst Ratings Changes

MSTR has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

The company has a market cap of $93.25 billion, a PE ratio of -184.67 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50 day moving average is $365.64 and its 200-day moving average is $239.24.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same period last year, the company earned ($8.98) EPS. The business’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Activity

In other news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last 90 days. Company insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the 2nd quarter worth approximately $106,000. Semmax Financial Advisors Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock worth $138,000 after acquiring an additional 90 shares during the last quarter. Versant Capital Management Inc lifted its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 shares in the last quarter. UMB Bank n.a. lifted its holdings in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC lifted its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.