MicroStrategy (NASDAQ:MSTR) Shares Gap Up – Here’s What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped up prior to trading on Tuesday . The stock had previously closed at $332.23, but opened at $343.50. MicroStrategy shares last traded at $350.64, with a volume of 4,988,469 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSTR. Maxim Group increased their price target 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. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Benchmark increased their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Up 5.4 %

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $83.92 billion, a price-to-earnings ratio of -166.19 and a beta of 3.17. The stock’s 50-day moving average is $323.66 and its 200-day moving average is $210.02.

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

Insider Buying and Selling at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

A number of institutional investors have recently modified their holdings of MSTR. Signaturefd LLC raised its stake in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after purchasing an additional 11 shares during the period. Ballentine Partners LLC grew its position in shares of MicroStrategy by 5.0% during the 2nd quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock valued at $431,000 after purchasing an additional 15 shares in the last quarter. Savant Capital LLC raised its position in shares of MicroStrategy by 2.6% in the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock worth $825,000 after buying an additional 15 shares in the last quarter. Finally, Oxler Private Wealth LLC boosted its stake in MicroStrategy by 8.9% during the second quarter. Oxler Private Wealth LLC now owns 209 shares of the software maker’s stock valued at $288,000 after buying an additional 17 shares during the period. 59.84% of the stock is currently owned by hedge funds and other 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.