MicroStrategy (NASDAQ:MSTR) Stock Price Up 8.7%

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded up 8.7% during mid-day trading on Thursday . The company traded as high as $1,127.33 and last traded at $1,118.02. 966,841 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 2,114,303 shares. The stock had previously closed at $1,028.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen cut their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. BTIG Research boosted their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Benchmark reissued a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,678.75.

MicroStrategy Price Performance

The stock’s 50-day moving average price is $1,377.39 and its 200 day moving average price is $827.06. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of -162.30 and a beta of 3.00. The company has a quick ratio of 0.83, a current ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insiders Place Their Bets

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jarrod M. Patten sold 3,675 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The disclosure for this sale can be found here. Insiders sold a total of 107,452 shares of company stock worth $117,637,097 over the last quarter. Company insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in shares of MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 1,361 shares in the last quarter. Strong Tower Advisory Services bought a new position in MicroStrategy in the fourth quarter valued at approximately $6,566,000. International Assets Investment Management LLC bought a new position in MicroStrategy in the fourth quarter valued at approximately $12,367,000. Vanguard Group Inc. boosted its stake in MicroStrategy by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares during the last quarter. Finally, RIA Advisory Group LLC bought a new position in MicroStrategy in the fourth quarter valued at approximately $3,118,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.