MicroStrategy (NASDAQ:MSTR) Trading 5.8% Higher

MicroStrategy Incorporated (NASDAQ:MSTRGet Free Report) shares traded up 5.8% on Wednesday . The company traded as high as $1,390.10 and last traded at $1,372.51. 374,139 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,016,696 shares. The stock had previously closed at $1,297.63.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on MSTR

MicroStrategy Stock Up 15.9 %

The stock has a fifty day moving average price of $1,428.99 and a 200 day moving average price of $884.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $26.67 billion, a P/E ratio of -206.20 and a beta of 3.00.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1,295.80, for a total value of $6,479,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. Insiders sold 80,452 shares of company stock valued at $102,243,704 over the last three months. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado grew its stake in shares of MicroStrategy by 36.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,590 shares of the software maker’s stock valued at $2,710,000 after buying an additional 424 shares during the last quarter. Manhattan West Asset Management LLC bought a new stake in shares of MicroStrategy in the first quarter worth about $1,490,000. Price T Rowe Associates Inc. MD increased its holdings in MicroStrategy by 13.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock valued at $151,301,000 after purchasing an additional 10,835 shares during the period. Magnetar Financial LLC purchased a new position in MicroStrategy during the 1st quarter valued at about $436,000. Finally, Gamco Investors INC. ET AL purchased a new position in MicroStrategy during the 1st quarter valued at about $511,000. 72.03% of the stock is owned by institutional investors.

About MicroStrategy

(Get Free Report)

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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