MicroStrategy (NASDAQ:MSTR) Stock Price Up 4.3% on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 4.3% on Friday after Maxim Group raised their price target on the stock from $480.00 to $500.00. Maxim Group currently has a buy rating on the stock. MicroStrategy traded as high as $343.95 and last traded at $339.50. Approximately 6,330,791 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 17,733,273 shares. The stock had previously closed at $325.46.

Several other research analysts have also issued reports on the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $546.30.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the transaction, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,050 shares of company stock worth $16,314,110 in the last three months. Corporate insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its stake in shares of MicroStrategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC boosted its position in shares of MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in MicroStrategy during the 4th quarter worth $32,000. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Up 0.6 %

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 $78.50 billion, a price-to-earnings ratio of -155.46 and a beta of 3.25. The company has a 50-day moving average of $355.07 and a 200-day moving average of $255.52.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

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.