MicroStrategy (NASDAQ:MSTR) Shares Up 7%

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 7% during trading on Thursday . The stock traded as high as $1,287.88 and last traded at $1,271.19. Approximately 895,426 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 2,204,151 shares. The stock had previously closed at $1,188.05.

Analysts Set New Price Targets

MSTR has been the subject of several research reports. Benchmark increased their target price on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research report on Monday, March 18th. BTIG Research raised their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Canaccord Genuity Group restated a “buy” rating and set a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

MicroStrategy Stock Down 2.8 %

The stock has a 50-day moving average price of $1,294.00 and a 200-day moving average price of $773.51. The company has a market capitalization of $19.92 billion, a P/E ratio of 41.66 and a beta of 2.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

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

Insider Buying and Selling

In related news, Chairman Michael J. Saylor sold 2,482 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the completion of the sale, the chairman now owns 2,482 shares of the company’s stock, valued at $3,023,299.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $638.39, for a total value of $255,356.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 2,482 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $1,218.09, for a total value of $3,023,299.38. Following the completion of the sale, the chairman now directly owns 2,482 shares of the company’s stock, valued at approximately $3,023,299.38. The disclosure for this sale can be found here. Insiders sold 121,733 shares of company stock valued at $116,334,332 over the last 90 days. Company insiders own 20.79% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in the company. Capital International Investors grew its stake in MicroStrategy by 0.3% in the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock valued at $984,631,000 after acquiring an additional 4,858 shares during the period. Vanguard Group Inc. grew its stake in MicroStrategy by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock valued at $727,612,000 after acquiring an additional 24,997 shares during the period. Capital World Investors grew its stake in MicroStrategy by 5.9% in the first quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock valued at $302,949,000 after acquiring an additional 34,945 shares during the period. First Trust Advisors LP boosted its position in shares of MicroStrategy by 31.9% during the first quarter. First Trust Advisors LP now owns 226,800 shares of the software maker’s stock valued at $110,297,000 after buying an additional 54,911 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MicroStrategy by 7.1% during the first quarter. Geode Capital Management LLC now owns 189,923 shares of the software maker’s stock valued at $55,518,000 after buying an additional 12,613 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.