MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,180.48

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $1,180.48, but opened at $1,217.94. MicroStrategy shares last traded at $1,243.37, with a volume of 229,864 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSTR. TD Cowen dropped their price target on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating for the company in a research report on Wednesday, March 20th. Canaccord Genuity Group dropped their price target on MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating for the company in a research report on Tuesday, April 30th. Benchmark restated a "buy" rating and set a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday, April 25th. BTIG Research raised their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Finally, StockNews.com upgraded MicroStrategy to a "sell" rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,678.75.

MicroStrategy Stock Up 5.5 %

The stock has a market cap of $21.14 billion, a price-to-earnings ratio of -185.96 and a beta of 3.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average of $1,424.06 and a two-hundred day moving average of $878.46.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $683.33, for a total value of $3,416,650.00. Following the transaction, the chairman now owns 595 shares in the company, valued at $406,581.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $852.74, for a total transaction of $2,558,220.00. Following the transaction, the executive vice president now owns 453 shares in the company, valued at $386,291.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the business's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $683.33, for a total value of $3,416,650.00. Following the transaction, the chairman now owns 595 shares in the company, valued at approximately $406,581.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,452 shares of company stock worth $105,660,354. 13.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its stake in shares of MicroStrategy by 7.7% during the fourth quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker's stock worth $3,235,000 after purchasing an additional 366 shares in the last quarter. IFP Advisors Inc increased its position in shares of MicroStrategy by 90.0% during the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker's stock worth $1,815,000 after acquiring an additional 1,361 shares during the last quarter. Strong Tower Advisory Services purchased a new stake in shares of MicroStrategy during the fourth quarter worth about $6,566,000. International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth about $12,367,000. Finally, Vanguard Group Inc. increased its position in shares of MicroStrategy by 10.1% during the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker's stock worth $369,965,000 after acquiring an additional 103,107 shares during the last quarter. Institutional investors and hedge funds own 72.03% 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.