MicroStrategy (NASDAQ:MSTR) Trading 3.7% Higher – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price shot up 3.7% on Tuesday . The stock traded as high as $295.61 and last traded at $298.97. 4,651,944 shares were traded during trading, a decline of 74% from the average session volume of 18,185,934 shares. The stock had previously closed at $288.27.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSTR shares. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Cantor Fitzgerald increased their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $508.09.

MicroStrategy Stock Up 2.1 %

The company has a market cap of $80.43 billion, a P/E ratio of -55.48 and a beta of 3.36. The company’s 50-day moving average is $308.52 and its two-hundred day moving average is $298.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao bought 500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co purchased a new position in shares of MicroStrategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC raised its stake in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after acquiring an additional 82 shares during the period. Institutional investors 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.