MicroStrategy (NASDAQ:MSTR) Shares Up 6.3% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) shot up 6.3% during mid-day trading on Monday . The company traded as high as $364.88 and last traded at $360.96. 10,259,415 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 17,274,043 shares. The stock had previously closed at $339.66.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSTR. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Monday. Canaccord Genuity Group raised their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Down 2.8 %

The company’s fifty day moving average price is $347.58 and its 200-day moving average price is $223.80. The stock has a market cap of $79.49 billion, a P/E ratio of -157.43 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

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 the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same period in the previous year, the business earned ($8.98) EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last quarter. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently bought and sold shares of MSTR. UMB Bank n.a. increased its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC boosted its position in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in MicroStrategy in the third quarter valued at about $27,000. Sunbelt Securities Inc. raised its holdings in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.