MicroStrategy (NASDAQ:MSTR) Shares Up 4.6% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price was up 4.6% during trading on Monday . The stock traded as high as $358.71 and last traded at $356.36. Approximately 6,611,767 shares traded hands during trading, a decline of 61% from the average daily volume of 17,123,439 shares. The stock had previously closed at $340.65.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MSTR shares. TD Cowen upped their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Barclays boosted their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark upped their price target on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Stock Performance

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $204.83 and a 200-day moving average of $166.15. The stock has a market capitalization of $75.08 billion, a price-to-earnings ratio of -174.21 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the business posted ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,954 shares of company stock valued at $30,553,037 over the last three months. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

Large investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the last quarter. GAMMA Investing LLC grew its stake in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares in the last quarter. Cigna Investments Inc. New raised its stake in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after buying an additional 8 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after acquiring an additional 11 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds 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.