MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,208.16

MicroStrategy Incorporated (NASDAQ:MSTR) shares gapped up prior to trading on Friday . The stock had previously closed at $1,208.16, but opened at $1,237.00. MicroStrategy shares last traded at $1,239.49, with a volume of 255,433 shares changing hands.

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. BTIG Research increased their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Canaccord Genuity Group restated a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a research note on Thursday, March 28th. TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, Benchmark increased their price objective on MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,473.00.

MicroStrategy Stock Down 1.1 %

The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01. The stock has a market cap of $20.28 billion, a P/E ratio of 42.87 and a beta of 2.89. The firm has a 50-day simple moving average of $1,283.45 and a two-hundred day simple moving average of $767.64.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The company had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 2,482 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the sale, the chairman now directly owns 2,482 shares of the company’s stock, valued at approximately $3,023,299.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other MicroStrategy news, CFO Andrew Kang sold 3,750 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the transaction, the chief financial officer now directly owns 873 shares in the company, valued at $759,780.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael J. Saylor sold 2,482 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $1,218.09, for a total value of $3,023,299.38. Following the completion of the transaction, the chairman now owns 2,482 shares of the company’s stock, valued at $3,023,299.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,733 shares of company stock valued at $116,334,332. 20.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently bought and sold shares of MSTR. MetLife Investment Management LLC raised its position in MicroStrategy by 71.6% in the first quarter. MetLife Investment Management LLC now owns 4,978 shares of the software maker’s stock valued at $2,421,000 after purchasing an additional 2,077 shares during the last quarter. Rhumbline Advisers raised its position in shares of MicroStrategy by 11.1% during the first quarter. Rhumbline Advisers now owns 10,810 shares of the software maker’s stock worth $5,257,000 after acquiring an additional 1,078 shares during the last quarter. Blair William & Co. IL bought a new position in shares of MicroStrategy during the first quarter worth about $235,000. Moors & Cabot Inc. raised its position in shares of MicroStrategy by 22.3% during the first quarter. Moors & Cabot Inc. now owns 1,563 shares of the software maker’s stock worth $760,000 after acquiring an additional 285 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of MicroStrategy by 36.4% during the first quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock worth $431,960,000 after acquiring an additional 237,109 shares during the last quarter. 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.