MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report)’s share price rose 1.5% during trading on Friday . The company traded as high as $346.62 and last traded at $345.19. Approximately 3,303,345 shares were traded during trading, a decline of 82% from the average daily volume of 18,506,059 shares. The stock had previously closed at $340.09.
Wall Street Analysts Forecast Growth
MSTR has been the subject of several research reports. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $483.22.
Check Out Our Latest Stock Report on MSTR
MicroStrategy Stock Up 1.2 %
MicroStrategy (NASDAQ:MSTR – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($8.98) EPS.
Insiders Place Their Bets
In related news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 in the last three months. Corporate insiders own 9.16% of the company’s stock.
Institutional Investors Weigh In On MicroStrategy
A number of hedge funds have recently made changes to their positions in MSTR. GPS Wealth Strategies Group LLC boosted its holdings in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares in the last quarter. Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the period. Masso Torrence Wealth Management Inc. boosted its holdings in shares of MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after acquiring an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of MicroStrategy by 3.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock worth $603,000 after acquiring an additional 65 shares during the period. Finally, Means Investment CO. Inc. raised its holdings in shares of MicroStrategy by 2.2% during the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after purchasing an additional 67 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
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.
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