MicroStrategy (NASDAQ:MSTR) Trading 5.2% Higher - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price was up 5.2% on Friday . The stock traded as high as $317.13 and last traded at $315.64. Approximately 5,355,650 shares traded hands during trading, a decline of 52% from the average daily volume of 11,090,482 shares. The stock had previously closed at $300.01.

Analyst Ratings Changes

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark increased their target price on MicroStrategy from $450.00 to $650.00 and gave the company a "buy" rating in a research note on Monday, November 25th. TD Cowen lifted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of "Moderate Buy" and a consensus price target of $479.25.

MicroStrategy Price Performance

The company has a market capitalization of $81.40 billion, a P/E ratio of -161.20 and a beta of 3.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The business has a 50 day simple moving average of $343.44 and a 200-day simple moving average of $219.78.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($8.98) earnings per share.

Insider Activity at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 in the last three months. 13.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after buying an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after purchasing an additional 567,628 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after purchasing an additional 579,994 shares during the period. Swiss National Bank lifted its holdings in shares of MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock valued at $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after purchasing an additional 314,007 shares during the period. Institutional investors own 59.84% of the company's stock.

MicroStrategy Company Profile

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.