MicroStrategy (NASDAQ:MSTR) Stock Price Up 5.9% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price was up 5.9% on Monday . The company traded as high as $332.06 and last traded at $321.91. Approximately 8,479,875 shares were traded during trading, a decline of 53% from the average daily volume of 17,992,060 shares. The stock had previously closed at $304.00.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group raised their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

The stock has a market cap of $85.23 billion, a P/E ratio of -58.64 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a 50-day moving average price of $317.11 and a 200-day moving average price of $288.99.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its position in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Riverview Trust Co bought a new stake in MicroStrategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy in the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new position in MicroStrategy in the fourth quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC lifted its stake in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after buying an additional 82 shares in 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.