MicroStrategy (NASDAQ:MSTR) Shares Up 8.7%

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price rose 8.7% during mid-day trading on Thursday . The company traded as high as $1,127.33 and last traded at $1,118.02. Approximately 966,841 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 2,114,303 shares. The stock had previously closed at $1,028.27.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Canaccord Genuity Group lowered their price objective on MicroStrategy from $1,810.00 to $1,590.00 and set a "buy" rating on the stock in a research note on Tuesday. Benchmark restated a "buy" rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research note on Thursday, April 25th. StockNews.com upgraded MicroStrategy to a "sell" rating in a research note on Monday, March 18th. BTIG Research upped their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Finally, TD Cowen decreased their price target on 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. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and an average price target of $1,678.75.

MicroStrategy Stock Performance

The firm has a market cap of $19.17 billion, a PE ratio of -162.30 and a beta of 3.00. The company has a 50 day simple moving average of $1,377.39 and a 200-day simple moving average of $827.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Activity

In other news, CEO Phong Le sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the sale, the chief executive officer now owns 595 shares of the company's stock, valued at $512,437.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Phong Le sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $491.71, for a total value of $2,458,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,452 shares of company stock valued at $117,637,097. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Jennison Associates LLC bought a new position in shares of MicroStrategy during the first quarter valued at $806,000. FinTrust Capital Advisors LLC purchased a new stake in shares of MicroStrategy during the first quarter valued at $85,000. Gilbert & Cook Inc. purchased a new stake in shares of MicroStrategy during the first quarter valued at $341,000. Curran Financial Partners LLC purchased a new stake in shares of MicroStrategy during the first quarter valued at $220,000. Finally, Choreo LLC purchased a new stake in shares of MicroStrategy during the first quarter valued at $414,000. Institutional investors 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.

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