MicroStrategy (NASDAQ:MSTR) Stock Price Up 2.9% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price shot up 2.9% on Friday . The stock traded as high as $244.44 and last traded at $242.77. 7,703,108 shares were traded during trading, a decline of 53% from the average session volume of 16,379,093 shares. The stock had previously closed at $235.89.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSTR. Barclays lifted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. BTIG Research lifted their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. TD Cowen lifted their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Maxim Group lifted their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

MicroStrategy Stock Performance

The stock’s 50-day moving average price is $161.10 and its 200 day moving average price is $150.18. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $41.56 billion, a P/E ratio of -167.87 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The firm had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. MicroStrategy’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,838 shares of company stock worth $13,950,265. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Vanguard Group Inc. grew its stake in shares of MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after acquiring an additional 238,463 shares in the last quarter. Capital International Investors lifted its position in MicroStrategy by 14.9% during the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares during the period. Commonwealth Equity Services LLC lifted its position in MicroStrategy by 827.3% during the third quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker’s stock worth $38,025,000 after purchasing an additional 201,210 shares during the period. Finally, Strong Tower Advisory Services lifted its position in MicroStrategy by 990.0% during the third quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker’s stock worth $27,089,000 after purchasing an additional 145,928 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.