MicroStrategy (NASDAQ:MSTR) Trading Up 1.5% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price shot up 1.5% during mid-day trading on Friday . The company traded as high as $346.62 and last traded at $345.19. 3,303,345 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 18,506,059 shares. The stock had previously closed at $340.09.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSTR. Mizuho initiated coverage on shares of MicroStrategy in a research note on Wednesday. They set an “outperform” rating and a $515.00 price objective on the stock. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Trading Up 1.2 %

The company has a market cap of $82.47 billion, a PE ratio of -162.28 and a beta of 3.25. The company’s 50 day simple moving average is $361.56 and its two-hundred day simple moving average is $248.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the business posted ($8.98) EPS.

Insider Activity

In related news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC increased its position in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the period. Masso Torrence Wealth Management Inc. increased its position in MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after buying an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after buying an additional 67 shares during the period. 59.84% of the stock is currently 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.