MicroStrategy (NASDAQ:MSTR) Trading 6.9% Higher – Still a Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose 6.9% on Friday . The stock traded as high as $392.61 and last traded at $392.43. Approximately 8,928,599 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 18,666,912 shares. The stock had previously closed at $367.00.

Analyst Upgrades and Downgrades

MSTR has been the subject of several research analyst reports. Maxim Group lifted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays upped their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. One investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Price Performance

The firm has a fifty day moving average of $363.86 and a two-hundred day moving average of $234.79. 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 capitalization of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) 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 firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the prior year, the business posted ($8.98) EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy in the second quarter worth about $106,000. Semmax Financial Advisors Inc. raised its position in shares of MicroStrategy by 900.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock worth $138,000 after acquiring an additional 90 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the period. UMB Bank n.a. boosted its position in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

About MicroStrategy

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.