MicroStrategy (NASDAQ:MSTR) Shares Up 4.3% After Analyst Upgrade

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) shot up 4.3% during trading on Friday after Maxim Group raised their price target on the stock from $480.00 to $500.00. Maxim Group currently has a buy rating on the stock. MicroStrategy traded as high as $343.95 and last traded at $339.50. 6,330,791 shares were traded during mid-day trading, a decline of 64% from the average session volume of 17,733,273 shares. The stock had previously closed at $325.46.

Other equities analysts have also recently issued reports about the stock. Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $546.30.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares in the company, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was 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 owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,050 shares of company stock worth $16,314,110 in the last 90 days. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of MSTR. Thrivent Financial for Lutherans increased its holdings in shares of MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after purchasing an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in MicroStrategy by 144.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 183 shares of the software maker’s stock worth $252,000 after buying an additional 108 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in MicroStrategy in the second quarter worth approximately $553,000. GAMMA Investing LLC increased its holdings in MicroStrategy by 1,096.7% in the third quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock worth $61,000 after buying an additional 329 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in MicroStrategy by 951.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 7,781 shares of the software maker’s stock worth $1,312,000 after buying an additional 7,041 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Up 3.0 %

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 has a fifty day moving average of $356.27 and a 200 day moving average of $254.50. The stock has a market cap of $80.37 billion, a price-to-earnings ratio of -161.13 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

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.