MicroStrategy (NASDAQ:MSTR) Stock Price Up 2% - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded up 2% during trading on Wednesday . The company traded as high as $388.62 and last traded at $384.63. 3,913,349 shares traded hands during trading, a decline of 78% from the average session volume of 17,894,769 shares. The stock had previously closed at $377.02.

Analyst Ratings Changes

Several equities analysts recently commented on MSTR shares. Barclays reissued a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

MicroStrategy Stock Down 0.7%

The company has a 50-day simple moving average of $381.87 and a 200 day simple moving average of $341.60. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $104.95 billion, a P/E ratio of -17.60 and a beta of 3.73.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the business posted ($0.83) earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 1,701 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $637,092.54. Following the completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at $4,766,396.04. This represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 1,700 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total value of $581,417.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,699,789.70. This represents a 25.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 25,277 shares of company stock worth $2,312,345 and sold 70,621 shares worth $25,935,717. 8.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new stake in shares of MicroStrategy during the 4th quarter worth approximately $32,000. Amalgamated Bank increased its stake in shares of MicroStrategy by 4.0% during the 4th quarter. Amalgamated Bank now owns 8,708 shares of the software maker's stock worth $2,522,000 after purchasing an additional 336 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in MicroStrategy in the 4th quarter valued at approximately $264,000. Convergence Financial LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at $219,000. Finally, Gulf International Bank UK Ltd lifted its holdings in shares of MicroStrategy by 23.8% during the 4th quarter. Gulf International Bank UK Ltd now owns 15,233 shares of the software maker's stock worth $4,411,000 after acquiring an additional 2,931 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.