MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,523.00

MicroStrategy Incorporated (NASDAQ:MSTRGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1,523.00, but opened at $1,605.00. MicroStrategy shares last traded at $1,688.00, with a volume of 537,748 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on MSTR. StockNews.com upgraded MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Canaccord Genuity Group boosted their target price on MicroStrategy from $670.00 to $791.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. BTIG Research boosted their price objective on shares of MicroStrategy from $560.00 to $690.00 and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Benchmark assumed coverage on shares of MicroStrategy in a research note on Tuesday, February 27th. They issued a “buy” rating and a $990.00 target price for the company. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $870.20.

Get Our Latest Stock Report on MicroStrategy

MicroStrategy Stock Performance

The stock’s 50 day simple moving average is $936.87 and its two-hundred day simple moving average is $632.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $31.85 billion, a P/E ratio of 66.61 and a beta of 2.82.

MicroStrategy (NASDAQ:MSTRGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The business had revenue of $124.48 million for the quarter, compared to analysts’ expectations of $134.90 million.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the transaction, the executive vice president now owns 453 shares of the company’s stock, valued at approximately $322,227.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the sale, the executive vice president now directly owns 453 shares of the company’s stock, valued at approximately $322,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen X. Graham sold 4,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $770.00, for a total transaction of $3,080,000.00. Following the transaction, the director now owns 200 shares of the company’s stock, valued at $154,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,256 shares of company stock worth $84,789,498. 22.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in MicroStrategy during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd raised its holdings in shares of MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the period. Harbour Investments Inc. lifted its stake in MicroStrategy by 2,800.0% in the 4th quarter. Harbour Investments Inc. now owns 58 shares of the software maker’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Signaturefd LLC grew its holdings in MicroStrategy by 85.3% during the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after purchasing an additional 29 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in MicroStrategy by 246.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 90 shares of the software maker’s stock worth $57,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 72.03% of the company’s stock.

About MicroStrategy

(Get Free Report)

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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