MicroStrategy (NASDAQ:MSTR) Trading 5.2% Higher – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded up 5.2% on Wednesday . The stock traded as high as $402.97 and last traded at $396.97. 9,071,136 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 18,687,201 shares. The stock had previously closed at $377.32.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MSTR shares. Sanford C. Bernstein raised their target price on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark raised their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Finally, Canaccord Genuity Group raised their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

The business’s 50-day moving average price is $289.46 and its 200-day moving average price is $196.55. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $82.92 billion, a PE ratio of -191.09 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $121.45 million. During the same period in the previous year, the firm earned ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. This represents a 90.84 % 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 valued at $32,259,177 in the last 90 days. Insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Dynamic Advisor Solutions LLC lifted its stake in MicroStrategy by 113.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 740 shares of the software maker’s stock valued at $1,019,000 after acquiring an additional 393 shares during the period. Sequoia Financial Advisors LLC lifted its stake in MicroStrategy by 33.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 296 shares of the software maker’s stock valued at $408,000 after acquiring an additional 75 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in MicroStrategy during the 2nd quarter valued at approximately $1,138,000. Cigna Investments Inc. New lifted its stake in MicroStrategy by 5.1% during the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after acquiring an additional 8 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its stake in MicroStrategy by 33.8% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 408 shares of the software maker’s stock valued at $562,000 after acquiring an additional 103 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.