MicroStrategy (NASDAQ:MSTR) Trading Up 1.8% - Here's What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 1.8% on Monday . The stock traded as high as $295.10 and last traded at $260.08. Approximately 14,684,819 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 17,203,506 shares. The stock had previously closed at $255.43.

Analysts Set New Price Targets

MSTR has been the subject of several research analyst reports. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Barclays decreased their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MicroStrategy has an average rating of "Moderate Buy" and a consensus target price of $536.90.

MicroStrategy Trading Down 5.6 %

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 company has a fifty day moving average of $326.42 and a two-hundred day moving average of $275.67. The stock has a market capitalization of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in 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 buying an additional 77 shares during the last quarter. Riverview Trust Co acquired a new stake in MicroStrategy in the 4th quarter worth about $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the 4th quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in MicroStrategy in the 4th quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC boosted its stake in MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after buying an additional 82 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.