MicroStrategy (NASDAQ:MSTR) Trading 2.3% Higher - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price rose 2.3% during trading on Monday . The company traded as high as $437.00 and last traded at $432.84. Approximately 3,499,681 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 17,898,033 shares. The stock had previously closed at $423.22.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSTR. BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Barclays reaffirmed a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Cowen reissued a "buy" rating on shares of MicroStrategy in a report on Monday, July 14th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Monday, May 19th. Finally, UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy has an average rating of "Moderate Buy" and a consensus target price of $525.67.

MicroStrategy Trading Up 0.7%

The business has a 50 day moving average of $394.90 and a 200 day moving average of $348.68. The firm has a market capitalization of $116.54 billion, a price-to-earnings ratio of -19.54 and a beta of 3.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

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

Insider Buying and Selling

In related news, CFO Andrew Kang sold 1,877 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $703,011.58. Following the completion of the sale, the chief financial officer directly owned 24,460 shares of the company's stock, valued at $9,161,248.40. The trade was a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 5,295 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the sale, the chief executive officer owned 24,790 shares of the company's stock, valued at approximately $9,284,846.60. This represents a 17.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 25,277 shares of company stock worth $2,312,345 and sold 177,771 shares worth $72,254,318. Company insiders own 8.46% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of MSTR. Quadrant Capital Group LLC raised its position in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new position in shares of MicroStrategy in the 4th quarter worth approximately $26,000. Safe Harbor Fiduciary LLC boosted its position in shares of MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares during the period. First United Bank & Trust purchased a new position in shares of MicroStrategy during the first quarter worth approximately $29,000. Finally, Horrell Capital Management Inc. purchased a new stake in MicroStrategy in the fourth quarter worth about $31,000. 59.84% of the stock is currently owned by institutional investors.

About MicroStrategy

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.

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