MicroStrategy (NASDAQ:MSTR) Trading 8% Higher - Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares traded up 8% during mid-day trading on Monday . The stock traded as high as $398.68 and last traded at $396.50. 24,214,007 shares changed hands during trading, an increase of 22% from the average session volume of 19,841,848 shares. The stock had previously closed at $367.00.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSTR shares. Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $479.25.

MicroStrategy Stock Performance

The company has a 50 day moving average of $363.86 and a two-hundred day moving average of $235.52. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $95.02 billion, a PE ratio of -188.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. During the same period in the prior year, the company earned ($8.98) earnings per share. The firm's quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer now owns 12,080 shares of the company's stock, valued at approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently made changes to their positions in MSTR. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy during the third quarter valued at $27,000. Sunbelt Securities Inc. boosted its position in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after buying an additional 153 shares during the last quarter. Hedge funds and other 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.