MicroStrategy (NASDAQ:MSTR) Trading 8.9% Higher – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded up 8.9% during mid-day trading on Friday . The stock traded as high as $199.94 and last traded at $199.62. 9,015,794 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 16,174,337 shares. The stock had previously closed at $183.34.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSTR. Barclays boosted their target price on shares of MicroStrategy from $146.00 to $173.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Sanford C. Bernstein decreased their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday. Benchmark lifted their price target on shares of MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, Maxim Group raised their price objective on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $202.25.

MicroStrategy Stock Performance

The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of -31.73 and a beta of 3.11. 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 firm has a 50-day moving average of $145.17 and a 200-day moving average of $146.63.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm had revenue of $111.44 million during the quarter, compared to analyst estimates of $121.99 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of MicroStrategy in the 1st quarter valued at about $29,000. Rise Advisors LLC increased its stake in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in MicroStrategy in the 2nd quarter worth about $37,000. Finally, GAMMA Investing LLC boosted its position in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares in the last quarter. 72.03% 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.