MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,208.16

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1,208.16, but opened at $1,237.00. MicroStrategy shares last traded at $1,239.49, with a volume of 255,433 shares traded.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several recent research reports. Canaccord Genuity Group reiterated a "buy" rating and issued a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a research report on Monday, March 18th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 20th. BTIG Research increased their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, Benchmark increased their price target on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,473.00.

MicroStrategy Stock Down 2.8 %

The stock has a market capitalization of $19.92 billion, a P/E ratio of 41.66 and a beta of 2.89. The company's 50-day moving average price is $1,294.00 and its 200 day moving average price is $773.51. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The firm had revenue of $124.48 million for the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Insider Activity

In related news, Director Jarrod M. Patten sold 275 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Michael J. Saylor sold 5,000 shares of the firm's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $469.50, for a total transaction of $2,347,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten sold 275 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The disclosure for this sale can be found here. Insiders have sold 121,733 shares of company stock worth $116,334,332 in the last three months. Company insiders own 20.79% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC grew its stake in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker's stock worth $34,000 after buying an additional 14 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of MicroStrategy in the 1st quarter worth $29,000. CWM LLC grew its stake in shares of MicroStrategy by 7.3% in the 4th quarter. CWM LLC now owns 396 shares of the software maker's stock worth $250,000 after buying an additional 27 shares in the last quarter. Signaturefd LLC grew its stake in shares of MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker's stock worth $40,000 after buying an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of MicroStrategy by 30.7% in the 4th quarter. Parallel Advisors LLC now owns 132 shares of the software maker's stock worth $83,000 after buying an additional 31 shares in the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.