MicroStrategy (NASDAQ:MSTR) Stock Price Up 2.2% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 2.2% during mid-day trading on Monday . The company traded as high as $405.00 and last traded at $395.01. Approximately 26,206,157 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 39,472,996 shares. The stock had previously closed at $386.40.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSTR. Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group raised their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Up 3.3 %

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 company has a market capitalization of $76.46 billion, a PE ratio of -179.08 and a beta of 3.17. The business has a fifty day moving average of $289.46 and a 200 day moving average of $196.55.

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

Insiders Place Their Bets

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % 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 worth $32,259,177 in the last quarter. 13.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the last quarter. Cigna Investments Inc. New lifted its position in 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 last quarter. Crossmark Global Holdings Inc. boosted its stake in 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 in the last quarter. Dakota Wealth Management grew its holdings in shares of MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of MicroStrategy by 5.0% during the second quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock worth $431,000 after purchasing an additional 15 shares during the last quarter. 59.84% of the stock is 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.