MicroStrategy (NASDAQ:MSTR) Stock Price Up 0.5% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 0.5% during trading on Wednesday . The stock traded as high as $222.85 and last traded at $220.87. 4,815,674 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 16,328,477 shares. The stock had previously closed at $219.70.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent research reports. TD Cowen increased their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Benchmark increased their price objective on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, October 18th. BTIG Research increased their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. Finally, Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

MicroStrategy Trading Down 0.4 %

The business’s 50 day moving average is $159.07 and its two-hundred day moving average is $149.56. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $41.68 billion, a P/E ratio of -173.90 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The firm had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. MicroStrategy’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock valued at $13,950,265 over the last three months. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lodestar Private Asset Management LLC grew its stake in MicroStrategy by 900.0% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 1,870 shares of the software maker’s stock valued at $315,000 after acquiring an additional 1,683 shares in the last quarter. Bay Rivers Group grew its stake in MicroStrategy by 936.6% during the 3rd quarter. Bay Rivers Group now owns 2,830 shares of the software maker’s stock valued at $477,000 after acquiring an additional 2,557 shares in the last quarter. Strategic Blueprint LLC grew its stake in MicroStrategy by 577.1% during the 3rd quarter. Strategic Blueprint LLC now owns 2,133 shares of the software maker’s stock valued at $360,000 after acquiring an additional 1,818 shares in the last quarter. Traynor Capital Management Inc. grew its stake in MicroStrategy by 13,756.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 49,885 shares of the software maker’s stock valued at $8,411,000 after acquiring an additional 49,525 shares in the last quarter. Finally, abrdn plc grew its stake in MicroStrategy by 11,184.0% during the 3rd quarter. abrdn plc now owns 31,821 shares of the software maker’s stock valued at $5,365,000 after acquiring an additional 31,539 shares in the last quarter. Hedge funds and other 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.