MicroStrategy (NASDAQ:MSTR) Shares Up 9.9% – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) shares were up 9.9% during trading on Thursday . The stock traded as high as $397.66 and last traded at $388.84. Approximately 34,768,508 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 18,456,727 shares. The stock had previously closed at $353.69.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSTR. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research boosted their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Benchmark lifted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Barclays increased their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

The company’s 50-day moving average price is $253.51 and its 200 day moving average price is $183.14. The stock has a market capitalization of $78.52 billion, a PE ratio of -193.07 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter last year, the business earned ($8.98) earnings per share. The business’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 over the last ninety days. 13.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC increased its holdings in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after purchasing an additional 567,628 shares in the last quarter. Swiss National Bank raised its holdings in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after buying an additional 314,007 shares in the last quarter. Hedge funds and other institutional investors 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.