MicroStrategy (NASDAQ:MSTR) Shares Up 0.3%

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price rose 0.3% on Tuesday . The company traded as high as $1,909.50 and last traded at $1,862.00. Approximately 1,138,827 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,239,241 shares. The stock had previously closed at $1,856.00.

Analyst Upgrades and Downgrades

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

MicroStrategy Price Performance

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 capitalization of $32.57 billion, a price-to-earnings ratio of 68.10 and a beta of 2.82. The company’s 50-day simple moving average is $965.27 and its 200-day simple moving average is $641.38.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction 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 $512,437.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $453.35, for a total transaction of $2,266,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the sale, the chief executive officer now directly owns 595 shares in the company, valued at approximately $512,437.80. The disclosure for this sale can be found here. Insiders sold a total of 120,256 shares of company stock worth $84,789,498 over the last three months. Corporate insiders own 20.79% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors have recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of MicroStrategy during the 4th quarter worth about $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 worth $33,000 after acquiring an additional 40 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in MicroStrategy in the 3rd quarter valued at about $37,000. Harbour Investments Inc. increased 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 buying an additional 56 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in MicroStrategy in the 2nd quarter valued at about $40,000. 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.