MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $134.53

MicroStrategy Incorporated (NASDAQ:MSTR) gapped up before the market opened on Tuesday . The stock had previously closed at $134.53, but opened at $138.37. MicroStrategy shares last traded at $134.13, with a volume of 2,285,125 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Maxim Group lifted their target price on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Canaccord Genuity Group cut their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday. Barclays initiated coverage on shares of MicroStrategy in a research report on Friday, September 6th. They set an “overweight” rating and a $146.00 price target for the company. Benchmark lifted their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $197.25.

MicroStrategy Trading Down 1.0 %

The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The company’s fifty day simple moving average is $142.12 and its 200-day simple moving average is $144.54. The firm has a market capitalization of $23.63 billion, a PE ratio of -20.08 and a beta of 3.10.

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

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. 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 90 days. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently added to or reduced their stakes in MSTR. Vanguard Group Inc. lifted its position in MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after purchasing an additional 401,071 shares during the period. Capital International Investors lifted its stake in shares of 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 during the period. Norges Bank acquired a new stake in shares of MicroStrategy during the 4th quarter valued at approximately $70,990,000. Westfield Capital Management Co. LP acquired a new stake in shares of MicroStrategy in the 1st quarter worth approximately $60,892,000. Finally, APEIRON CAPITAL Ltd acquired a new position in MicroStrategy during the first quarter worth $53,864,000. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

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.