MicroStrategy (NASDAQ:MSTR) Reaches New 52-Week High – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $227.20 and last traded at $227.05, with a volume of 3356042 shares. The stock had previously closed at $213.95.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 16th. Benchmark upped their target price on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Barclays upped their target price on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Maxim Group upped their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, BTIG Research upped their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.00.

MicroStrategy Stock Up 4.5 %

The firm’s 50 day moving average is $156.99 and its two-hundred day moving average is $148.95. The firm has a market cap of $39.67 billion, a P/E ratio of -33.81 and a beta of 3.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The company had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share.

Insider Activity

In related news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 over the last ninety days. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. GAMMA Investing LLC boosted its position in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares during the period. Cigna Investments Inc. New boosted its position in shares of MicroStrategy by 5.1% in the second 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. Crossmark Global Holdings Inc. boosted its position in shares of MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after acquiring an additional 11 shares during the period. Finally, Dakota Wealth Management boosted its position in shares of MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after acquiring an additional 15 shares during the period. 72.03% 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.