MicroStrategy (NASDAQ:MSTR) Stock Price Up 4.6% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 4.6% during mid-day trading on Friday . The stock traded as high as $417.62 and last traded at $406.80. 9,316,659 shares traded hands during trading, a decline of 49% from the average session volume of 18,405,018 shares. The stock had previously closed at $388.84.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSTR. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark raised their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Sanford C. Bernstein raised their target price on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Down 0.4 %

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $78.52 billion, a PE ratio of -183.64 and a beta of 3.05. The stock’s fifty day moving average price is $258.37 and its two-hundred day moving average price is $184.96.

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

Insider Activity

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MSTR. Geode Capital Management LLC grew its holdings in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MicroStrategy by 587.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after purchasing an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after buying an additional 579,994 shares during the last quarter. Swiss National Bank increased its position in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after buying an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after buying an additional 314,007 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other 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.