MicroStrategy (NASDAQ:MSTR) Stock Price Up 3.9% – Should You Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were up 3.9% on Monday . The stock traded as high as $344.89 and last traded at $337.73. Approximately 13,875,971 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 16,244,744 shares. The stock had previously closed at $324.92.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSTR. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Barclays dropped 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, February 10th. Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

The stock’s 50-day moving average is $347.70 and its 200-day moving average is $265.13. The stock has a market cap of $76.37 billion, a price-to-earnings ratio of -56.57 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently made changes to their positions in MSTR. Creative Planning boosted its stake in shares of MicroStrategy by 1,294.2% during the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker’s stock valued at $15,138,000 after buying an additional 83,344 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock valued at $61,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of MicroStrategy by 921.6% during the 3rd quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock valued at $319,000 after buying an additional 1,705 shares during the last quarter. Shariaportfolio Inc. boosted its stake in shares of MicroStrategy by 1,121.2% during the 3rd quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker’s stock valued at $19,705,000 after buying an additional 107,303 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of MicroStrategy by 915.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker’s stock valued at $20,396,000 after buying an additional 109,054 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.