MicroStrategy (NASDAQ:MSTR) Shares Up 3.7% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 3.7% on Tuesday . The stock traded as high as $295.61 and last traded at $298.97. Approximately 4,651,944 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 18,185,934 shares. The stock had previously closed at $288.27.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Monness Crespi & Hardt downgraded MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $508.09.

MicroStrategy Stock Performance

The company has a market cap of $77.49 billion, a price-to-earnings ratio of -53.35 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a fifty day simple moving average of $311.48 and a 200 day simple moving average of $297.16.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Institutional Trading of MicroStrategy

A number of hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI raised its position in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC bought a new position in MicroStrategy during the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC raised its holdings in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after acquiring an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of MicroStrategy in the 3rd quarter worth approximately $254,000. Finally, Wellington Management Group LLP grew its holdings in shares of MicroStrategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. 59.84% 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.