MicroStrategy (NASDAQ:MSTR) Trading 5.8% Higher

MicroStrategy Incorporated (NASDAQ:MSTRGet Free Report) shot up 5.8% on Friday . The stock traded as high as $638.63 and last traded at $622.00. 722,761 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,340,788 shares. The stock had previously closed at $587.81.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSTR. BTIG Research boosted their price objective on MicroStrategy from $560.00 to $690.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Canaccord Genuity Group boosted their price objective on MicroStrategy from $670.00 to $791.00 and gave the company a “buy” rating in a research note on Thursday, December 28th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Tuesday, January 9th. Finally, TheStreet raised MicroStrategy from a “d+” rating to a “c-” rating in a report on Friday, November 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $607.75.

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MicroStrategy Price Performance

The stock has a fifty day moving average of $557.37 and a two-hundred day moving average of $449.84. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 22.94 and a beta of 2.61. The company has a quick ratio of 0.75, a current ratio of 0.83 and a debt-to-equity ratio of 1.01.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $638.39, for a total value of $255,356.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MicroStrategy news, Director Jarrod M. Patten sold 400 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $638.39, for a total value of $255,356.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 7,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $565.83, for a total value of $4,243,725.00. Following the completion of the sale, the chief accounting officer now owns 491 shares in the company, valued at $277,822.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,100 shares of company stock valued at $44,677,188. Insiders own 20.79% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in MicroStrategy by 26.7% during the second quarter. Janney Montgomery Scott LLC now owns 1,876 shares of the software maker’s stock worth $642,000 after buying an additional 395 shares during the period. California Public Employees Retirement System lifted its position in MicroStrategy by 31.1% during the third quarter. California Public Employees Retirement System now owns 20,519 shares of the software maker’s stock worth $6,736,000 after buying an additional 4,871 shares during the period. Strs Ohio purchased a new position in MicroStrategy during the second quarter worth about $239,000. Geode Capital Management LLC lifted its position in MicroStrategy by 16.4% during the second quarter. Geode Capital Management LLC now owns 221,013 shares of the software maker’s stock worth $75,679,000 after buying an additional 31,090 shares during the period. Finally, Barclays PLC lifted its position in MicroStrategy by 42.1% during the third quarter. Barclays PLC now owns 25,402 shares of the software maker’s stock worth $8,339,000 after buying an additional 7,525 shares during the period. 49.44% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Company Profile

(Get Free Report)

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.

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