MicroStrategy (NASDAQ:MSTR) Trading Up 4% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 4% during mid-day trading on Monday . The stock traded as high as $429.40 and last traded at $425.20. 10,709,801 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 18,753,277 shares. The stock had previously closed at $408.67.

Wall Street Analyst Weigh In

Several research analysts recently commented on MSTR shares. Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald assumed coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Finally, Benchmark boosted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. 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 company currently has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Down 0.0 %

The firm has a market cap of $82.78 billion, a PE ratio of -201.09 and a beta of 3.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a 50-day simple moving average of $303.61 and a two-hundred day simple moving average of $201.58.

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

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last ninety days. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new position in MicroStrategy during the second quarter valued at $395,000. Brookstone Capital Management boosted its position in shares of MicroStrategy by 38.4% in the second quarter. Brookstone Capital Management now owns 980 shares of the software maker’s stock worth $1,350,000 after purchasing an additional 272 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of MicroStrategy during the 2nd quarter valued at $40,163,000. Nisa Investment Advisors LLC lifted its stake in shares of MicroStrategy by 246.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,660 shares of the software maker’s stock valued at $2,287,000 after buying an additional 1,181 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in MicroStrategy by 5.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 518 shares of the software maker’s stock worth $714,000 after buying an additional 26 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.