MicroStrategy (NASDAQ:MSTR) Trading Up 1.1% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) was up 1.1% during mid-day trading on Friday . The stock traded as high as $376.10 and last traded at $373.04. Approximately 3,676,998 shares traded hands during trading, a decline of 79% from the average daily volume of 17,906,034 shares. The stock had previously closed at $369.03.

Analyst Ratings Changes

Several analysts have issued reports on MSTR shares. HC Wainwright started coverage on MicroStrategy in a research note on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Cantor Fitzgerald restated a “hold” rating on shares of MicroStrategy in a research note on Monday, May 19th. UBS Group restated a “buy” rating on shares of MicroStrategy in a research note on Friday, May 16th. BTIG Research restated a “buy” rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Finally, Barclays restated a “hold” rating on shares of MicroStrategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

MicroStrategy Price Performance

The stock has a fifty day moving average price of $375.17 and a 200-day moving average price of $341.34. The company has a market cap of $101.08 billion, a PE ratio of -16.95 and a beta of 3.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The business had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. MicroStrategy’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.83) EPS.

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 339 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the completion of the sale, the chief accounting officer now directly owns 8,605 shares in the company, valued at approximately $3,223,002.75. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Kang sold 2,185 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.26, for a total value of $719,433.10. Following the sale, the chief financial officer now owns 15,215 shares of the company’s stock, valued at approximately $5,009,690.90. This represents a 12.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 25,277 shares of company stock worth $2,312,345 and sold 93,619 shares worth $33,607,643. 8.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the fourth quarter worth $25,000. Quadrant Capital Group LLC increased its position in MicroStrategy by 855.6% during the fourth 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. Dunhill Financial LLC acquired a new position in MicroStrategy during the fourth quarter worth $26,000. Finally, Parkside Financial Bank & Trust increased its position in MicroStrategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.