MicroStrategy (NASDAQ:MSTR) Shares Up 3.8% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) shares were up 3.8% during trading on Tuesday . The stock traded as high as $383.84 and last traded at $381.12. Approximately 3,436,002 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 17,917,651 shares. The stock had previously closed at $367.18.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSTR shares. BTIG Research reissued a “buy” rating on shares of MicroStrategy in a report on Wednesday, May 14th. Barclays reaffirmed a “hold” rating on shares of MicroStrategy in a report on Monday, May 19th. Monness Crespi & Hardt downgraded MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. HC Wainwright assumed coverage on MicroStrategy in a report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating on shares of MicroStrategy in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $514.42.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50-day moving average is $376.28 and its 200 day moving average is $340.83. The firm has a market cap of $104.52 billion, a P/E ratio of -17.53 and a beta of 3.74.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the prior year, the company earned ($0.83) EPS. MicroStrategy’s quarterly revenue was down 3.6% on a year-over-year basis.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 5,295 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the transaction, the chief executive officer now owns 24,790 shares in the company, valued at approximately $9,284,846.60. This represents a 17.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl J. Rickertsen sold 26,390 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the transaction, the director now owns 980 shares of the company’s stock, valued at approximately $364,952. This trade represents a 96.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 25,277 shares of company stock worth $2,312,345 and sold 70,621 shares worth $25,935,717. 8.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co acquired a new position in shares of MicroStrategy during the 4th quarter worth about $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $25,000. Dunhill Financial LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC boosted its stake in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.