MicroStrategy (NASDAQ:MSTR) Trading Up 5.2% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was up 5.2% during mid-day trading on Monday . The company traded as high as $251.31 and last traded at $246.51. Approximately 9,047,980 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 16,423,387 shares. The stock had previously closed at $234.34.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen upped their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Benchmark upped their target price on shares of MicroStrategy from $215.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays raised their price target on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

MicroStrategy Stock Performance

The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The company has a market cap of $45.80 billion, a price-to-earnings ratio of -184.99 and a beta of 3.11. The stock has a 50 day moving average price of $165.99 and a two-hundred day moving average price of $151.61.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The company had revenue of $111.44 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

A number of institutional investors have recently made changes to their positions in MSTR. Vanguard Group Inc. increased its stake in MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after buying an additional 401,071 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of MicroStrategy by 224,965.1% in the 3rd quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after acquiring an additional 238,463 shares in the last quarter. Capital International Investors increased its position 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 acquiring an additional 232,667 shares during the last quarter. Yong Rong HK Asset Management Ltd bought a new stake in MicroStrategy during the third quarter worth about $35,558,000. Finally, Commonwealth Equity Services LLC boosted its position in MicroStrategy by 827.3% during the third quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock valued at $38,025,000 after purchasing an additional 201,210 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

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.