MicroStrategy (NASDAQ:MSTR) Shares Up 7%

MicroStrategy Incorporated (NASDAQ:MSTR) shot up 7% during mid-day trading on Thursday . The company traded as high as $1,287.88 and last traded at $1,271.19. 895,426 shares were traded during trading, a decline of 59% from the average session volume of 2,204,151 shares. The stock had previously closed at $1,188.05.

Analyst Ratings Changes

A number of research firms recently issued reports on MSTR. BTIG Research lifted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark lifted their price target on MicroStrategy from $990.00 to $1,875.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, TD Cowen cut their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,473.00.

MicroStrategy Price Performance

The company has a market capitalization of $19.92 billion, a price-to-earnings ratio of 41.66 and a beta of 2.89. The company has a 50-day moving average price of $1,294.00 and a 200-day moving average price of $773.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The company had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Activity at MicroStrategy

In related news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the transaction, the chief financial officer now owns 873 shares of the company’s stock, valued at $759,780.63. The disclosure for this sale can be found here. In the last three months, insiders sold 121,733 shares of company stock worth $116,334,332. 20.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors have recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in MicroStrategy in the 1st quarter valued at approximately $29,000. CWM LLC lifted its stake in MicroStrategy by 7.3% in the 4th quarter. CWM LLC now owns 396 shares of the software maker’s stock valued at $250,000 after acquiring an additional 27 shares in the last quarter. Signaturefd LLC lifted its stake in MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after acquiring an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in MicroStrategy by 30.7% in the 4th quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock valued at $83,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

About MicroStrategy

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.