MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) saw unusually-high trading volume on Thursday after BTIG Research raised their price target on the stock from $290.00 to $570.00. BTIG Research currently has a buy rating on the stock. Approximately 15,694,022 shares changed hands during trading, a decline of 11% from the previous session's volume of 17,617,355 shares.The stock last traded at $525.44 and had previously closed at $473.83.
Several other equities research analysts also recently weighed in on MSTR. Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Canaccord Genuity Group lifted their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. TD Cowen lifted their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Benchmark increased their target price on shares of MicroStrategy from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $331.13.
Read Our Latest Stock Report on MSTR
In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 1,252 shares of the business's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,000 shares of company stock valued at $23,231,977. 13.18% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC grew its stake in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy during the third quarter worth about $27,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after purchasing an additional 153 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.
The firm's fifty day simple moving average is $222.94 and its 200 day simple moving average is $172.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $100.64 billion, a price-to-earnings ratio of -244.97 and a beta of 3.05.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned ($8.98) earnings per share.
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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