MicroStrategy (NASDAQ:MSTR) Trading Up 4.6% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) shares were up 4.6% on Friday . The company traded as high as $417.62 and last traded at $406.80. Approximately 9,316,659 shares were traded during trading, a decline of 49% from the average daily volume of 18,405,018 shares. The stock had previously closed at $388.84.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSTR. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Barclays raised their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Up 0.9 %

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 50-day moving average price of $253.51 and a 200-day moving average price of $183.14. The company has a market capitalization of $79.48 billion, a price-to-earnings ratio of -193.07 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) 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 period last year, the business earned ($8.98) EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In related news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction that occurred on 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 directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

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

MicroStrategy Company Profile

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.