MicroStrategy (NASDAQ:MSTR) Shares Up 0.8% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) shot up 0.8% during trading on Thursday . The company traded as high as $327.83 and last traded at $321.32. 4,378,763 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 16,354,925 shares. The stock had previously closed at $318.67.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSTR. Maxim Group increased their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Up 0.9 %

The stock has a market cap of $77.08 billion, a P/E ratio of -57.07 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. The stock has a 50-day moving average price of $345.85 and a 200-day moving average price of $265.51.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

Hedge funds have recently bought and sold shares of the company. Riverview Trust Co bought a new stake in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy in the 4th quarter worth approximately $26,000. Finally, Capital Performance Advisors LLP bought a new stake in MicroStrategy in the 3rd quarter worth approximately $27,000. Institutional investors own 59.84% 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.