MicroStrategy (NASDAQ:MSTR) Trading 7.4% Higher – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) rose 7.4% during trading on Friday . The stock traded as high as $283.80 and last traded at $282.75. Approximately 6,174,477 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 18,563,012 shares. The stock had previously closed at $263.26.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Cantor Fitzgerald increased their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Up 12.7 %

The firm has a market capitalization of $76.36 billion, a price-to-earnings ratio of -52.55 and a beta of 3.36. The firm’s 50 day moving average is $323.17 and its 200 day moving average is $280.08. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northstar Financial Companies Inc. acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $217,000. Centaurus Financial Inc. lifted its position in shares of MicroStrategy by 146.0% in the 4th quarter. Centaurus Financial Inc. now owns 4,998 shares of the software maker’s stock valued at $1,448,000 after acquiring an additional 2,966 shares in the last quarter. IronOak Wealth LLC. purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $587,000. Castle Rock Wealth Management LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $511,000. Finally, Dogwood Wealth Management LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $57,000. 59.84% of the stock is 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.