MicroStrategy (NASDAQ:MSTR) Trading 1.5% Higher – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was up 1.5% during mid-day trading on Wednesday . The company traded as high as $287.09 and last traded at $279.24. Approximately 6,704,970 shares traded hands during trading, a decline of 65% from the average daily volume of 19,010,777 shares. The stock had previously closed at $275.15.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $328.15 and a 200 day moving average of $275.23. The firm has a market capitalization of $75.57 billion, a PE ratio of -52.15 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MSTR. Allspring Global Investments Holdings LLC lifted its stake in MicroStrategy by 820.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock valued at $61,000 after purchasing an additional 320 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of MicroStrategy by 139.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the software maker’s stock valued at $669,000 after buying an additional 2,310 shares during the last quarter. US Bancorp DE grew its stake in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in MicroStrategy by 1,614.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 360 shares of the software maker’s stock worth $61,000 after acquiring an additional 339 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in MicroStrategy by 828.6% in the 3rd quarter. New York State Common Retirement Fund now owns 86,850 shares of the software maker’s stock valued at $14,643,000 after acquiring an additional 77,497 shares during the period. 59.84% of the stock is owned by institutional investors.

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.