MicroStrategy (NASDAQ:MSTR) Trading 0.7% Higher - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares shot up 0.7% during trading on Tuesday . The stock traded as high as $317.91 and last traded at $304.98. 7,061,446 shares traded hands during trading, a decline of 63% from the average session volume of 18,949,959 shares. The stock had previously closed at $302.96.

Analyst Ratings Changes

A number of analysts have weighed in on MSTR shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research report on Monday, November 25th. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Trading Down 4.4 %

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's fifty day moving average is $337.14 and its 200 day moving average is $216.41. The stock has a market cap of $69.41 billion, a PE ratio of -137.46 and a beta of 3.17.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company's stock in a transaction dated 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 sale, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. Insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

A number of large investors have recently made changes to their positions in MSTR. Signaturefd LLC lifted its holdings in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker's stock valued at $69,000 after purchasing an additional 6 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker's stock valued at $551,000 after buying an additional 11 shares during the period. Ballentine Partners LLC boosted its position in MicroStrategy by 5.0% during the second quarter. Ballentine Partners LLC now owns 313 shares of the software maker's stock worth $431,000 after acquiring an additional 15 shares during the last quarter. Savant Capital LLC grew its stake in MicroStrategy by 2.6% in the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker's stock worth $825,000 after acquiring an additional 15 shares during the period. Finally, Larson Financial Group LLC raised its holdings in MicroStrategy by 72.3% in the 2nd quarter. Larson Financial Group LLC now owns 81 shares of the software maker's stock valued at $112,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 59.84% 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.