MicroStrategy (NASDAQ:MSTR) Stock Price Up 3.4% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was up 3.4% on Tuesday . The stock traded as high as $247.50 and last traded at $247.52. Approximately 6,829,460 shares changed hands during trading, a decline of 64% from the average daily volume of 18,821,187 shares. The stock had previously closed at $239.27.

Analyst Ratings Changes

A number of research analysts have issued reports on MSTR shares. Maxim Group boosted their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Finally, TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

The stock has a market cap of $67.12 billion, a price-to-earnings ratio of -46.30 and a beta of 3.36. The company’s 50-day simple moving average is $324.29 and its 200-day simple moving average is $279.42. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last issued its 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 return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. IronOak Wealth LLC. acquired a new position in shares of MicroStrategy in the fourth quarter worth about $587,000. Castle Rock Wealth Management LLC acquired a new position in MicroStrategy in the 4th quarter worth approximately $511,000. Dogwood Wealth Management LLC acquired a new position in MicroStrategy in the 4th quarter worth approximately $57,000. Siemens Fonds Invest GmbH grew its position in MicroStrategy by 6,992.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker’s stock worth $33,000 after purchasing an additional 117,967 shares in the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new stake in MicroStrategy during the 4th quarter valued at $675,000. Institutional investors and hedge funds 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.