MicroStrategy (NASDAQ:MSTR) Trading Up 2.2% – Time to Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose 2.2% during trading on Monday . The stock traded as high as $340.38 and last traded at $334.92. Approximately 3,936,608 shares traded hands during trading, a decline of 78% from the average daily volume of 17,550,758 shares. The stock had previously closed at $327.56.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSTR shares. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Finally, Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Up 2.3 %

The stock’s fifty day simple moving average is $353.08 and its 200-day simple moving average is $258.97. The stock has a market cap of $78.32 billion, a P/E ratio of -58.02 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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 related news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The stock was 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 represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,050 shares of company stock valued at $9,689,930. Corporate insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in MicroStrategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares in the last quarter. Norges Bank bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $523,981,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after purchasing an additional 97,515 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Finally, Amundi increased its position in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. 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.