MicroStrategy (NASDAQ:MSTR) Stock Price Up 3.7% – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MSTR shares. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Maxim Group increased their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

MicroStrategy Stock Up 4.4 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock’s fifty day simple moving average is $311.48 and its two-hundred day simple moving average is $297.16. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of -53.35 and a beta of 3.36.

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

Insider Transactions at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 481 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently made changes to their positions in MSTR. National Bank of Canada FI lifted its holdings in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in MicroStrategy during the fourth quarter valued at $81,783,000. Clarity Capital Partners LLC lifted its stake in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy during the 3rd quarter worth about $254,000. Finally, Wellington Management Group LLP grew its stake in MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after acquiring an additional 6,104 shares in the last quarter. Hedge funds and other 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.