MicroStrategy (NASDAQ:MSTR) Trading Up 1.5% - Here's What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) were up 1.5% during mid-day trading on Wednesday . The stock traded as high as $258.28 and last traded at $254.38. Approximately 5,878,428 shares were traded during trading, a decline of 65% from the average daily volume of 16,764,930 shares. The stock had previously closed at $250.51.

Analyst Ratings Changes

A number of research analysts recently weighed in on MSTR shares. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $536.90.

MicroStrategy Stock Performance

The company has a market cap of $61.23 billion, a price-to-earnings ratio of -45.35 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $331.44 and a 200 day simple moving average of $272.40.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System increased its position in shares of MicroStrategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after acquiring an additional 30 shares during the last quarter. Family Management Corp increased its holdings in MicroStrategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after buying an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after buying an additional 35 shares during the last quarter. Oder Investment Management LLC increased its holdings in MicroStrategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after buying an additional 38 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after buying an additional 39 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.