MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,208.16

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1,208.16, but opened at $1,237.00. MicroStrategy shares last traded at $1,239.49, with a volume of 255,433 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSTR. Benchmark upped their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. BTIG Research upped their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, TD Cowen lowered their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,473.00.

MicroStrategy Stock Down 1.1 %

The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 42.87 and a beta of 2.89. The firm’s fifty day moving average is $1,283.45 and its two-hundred day moving average is $767.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The company had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the sale, the chief financial officer now directly owns 873 shares of the company’s stock, valued at approximately $759,780.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the completion of the sale, the chief financial officer now directly owns 873 shares of the company’s stock, valued at $759,780.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 350 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the sale, the executive vice president now directly owns 453 shares of the company’s stock, valued at $322,227.96. The disclosure for this sale can be found here. In the last three months, insiders sold 121,733 shares of company stock valued at $116,334,332. 20.79% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new position in MicroStrategy in the first quarter worth approximately $29,000. Principal Securities Inc. acquired a new position in MicroStrategy during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd grew its holdings in MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the last quarter. Rise Advisors LLC grew its holdings in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC acquired a new position in MicroStrategy during the third quarter valued at approximately $37,000. 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.