MicroStrategy (NASDAQ:MSTR) Trading 1.1% Higher – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 1.1% during mid-day trading on Friday . The stock traded as high as $340.00 and last traded at $331.30. 7,189,576 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 17,086,770 shares. The stock had previously closed at $327.67.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MSTR shares. TD Cowen lifted their target price on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark upped their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Finally, Sanford C. Bernstein lowered their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Price Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average price is $204.83 and its two-hundred day moving average price is $165.71. The firm has a market cap of $69.03 billion, a price-to-earnings ratio of -161.67 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the business earned ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This represents a 79.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,954 shares of company stock worth $30,553,037 over the last quarter. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

Several hedge funds have recently made changes to their positions in MSTR. Geode Capital Management LLC grew its stake in MicroStrategy by 990.6% during the 3rd 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 during the last quarter. Frisch Financial Group Inc. grew its position in shares of MicroStrategy by 900.0% during the third quarter. Frisch Financial Group Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after acquiring an additional 1,800 shares during the last quarter. Vestcor Inc increased its holdings in shares of MicroStrategy by 898.7% in the 3rd quarter. Vestcor Inc now owns 3,096 shares of the software maker’s stock worth $522,000 after acquiring an additional 2,786 shares during the period. M&T Bank Corp bought a new stake in MicroStrategy in the 3rd quarter valued at about $1,932,000. Finally, Abel Hall LLC boosted its stake in MicroStrategy by 537.7% during the 3rd quarter. Abel Hall LLC now owns 1,639 shares of the software maker’s stock valued at $276,000 after purchasing an additional 1,382 shares during the period. Institutional investors own 72.03% of the company’s stock.

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.