MicroStrategy (NASDAQ:MSTR) Trading 0.3% Higher

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 0.3% on Tuesday . The stock traded as high as $1,909.50 and last traded at $1,862.00. 1,138,827 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 2,239,241 shares. The stock had previously closed at $1,856.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MSTR shares. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. TD Cowen reduced their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Benchmark started coverage on shares of MicroStrategy in a report on Tuesday, February 27th. They issued a “buy” rating and a $990.00 price objective for the company. BTIG Research boosted their target price on shares of MicroStrategy from $560.00 to $690.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Canaccord Genuity Group boosted their price objective on MicroStrategy from $670.00 to $791.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $870.20.

MicroStrategy Trading Up 2.2 %

The business has a 50-day moving average price of $965.27 and a 200-day moving average price of $641.38. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $32.57 billion, a P/E ratio of 68.10 and a beta of 2.82.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The company had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million.

Insiders Place Their Bets

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $652.46, for a total value of $3,262,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $652.46, for a total value of $3,262,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. Insiders sold a total of 120,256 shares of company stock worth $84,789,498 over the last quarter. Company insiders own 20.79% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently modified their holdings of MSTR. IFP Advisors Inc increased its holdings in shares of MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock valued at $1,815,000 after purchasing an additional 1,361 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after buying an additional 103,107 shares during the period. SG Americas Securities LLC raised its stake in shares of MicroStrategy by 498.9% during the fourth quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker’s stock worth $5,538,000 after buying an additional 7,304 shares during the last quarter. California Public Employees Retirement System lifted its holdings in MicroStrategy by 31.1% in the third quarter. California Public Employees Retirement System now owns 20,519 shares of the software maker’s stock valued at $6,736,000 after buying an additional 4,871 shares during the period. Finally, UBS Group AG grew its holdings in MicroStrategy by 376.9% during the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock worth $11,984,000 after acquiring an additional 28,850 shares during the period. 72.03% of the stock is owned by 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.