MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.4% – Should You Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose 1.4% during mid-day trading on Friday . The stock traded as high as $330.96 and last traded at $329.45. Approximately 3,140,522 shares changed hands during trading, a decline of 81% from the average daily volume of 16,569,750 shares. The stock had previously closed at $324.92.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Barclays lowered their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $81.52 billion, a PE ratio of -60.55 and a beta of 3.25. The business has a 50-day moving average of $350.27 and a 200 day moving average of $259.90.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC grew its position in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares in the last quarter. Riverview Trust Co purchased a new position in shares of MicroStrategy during the fourth quarter worth about $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC raised its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in MicroStrategy in the third quarter worth $27,000. Hedge funds and other 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.