MicroStrategy (NASDAQ:MSTR) Hits New 12-Month High at $420.98

Posted by Defense World Staff on Jul 14th, 2023

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $420.98 and last traded at $418.58, with a volume of 230364 shares. The stock had previously closed at $412.30.

Wall Street Analyst Weigh In

MSTR has been the topic of several recent analyst reports. BTIG Research began coverage on shares of MicroStrategy in a report on Tuesday. They set a “buy” rating and a $490.00 price objective on the stock. Berenberg Bank initiated coverage on shares of MicroStrategy in a report on Thursday, April 27th. They issued a “buy” rating and a $430.00 price target for the company. Finally, StockNews.com initiated coverage on MicroStrategy in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $357.50.

MicroStrategy Stock Up 11.7 %

The business’s 50-day simple moving average is $316.35 and its 200-day simple moving average is $276.09. The company has a debt-to-equity ratio of 4.91, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last posted its earnings results on Monday, May 1st. The software maker reported $30.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $30.10. The company had revenue of $121.90 million during the quarter, compared to the consensus estimate of $119.04 million. MicroStrategy had a negative net margin of 174.90% and a negative return on equity of 6,099.02%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($10.42) earnings per share. Analysts expect that MicroStrategy Incorporated will post 29.89 EPS for the current year.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $295.66, for a total value of $2,956,600.00. Following the completion of the transaction, the chief executive officer now directly owns 458 shares of the company’s stock, valued at $135,412.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Spire Wealth Management increased its stake in shares of MicroStrategy by 2,414.3% in the 4th quarter. Spire Wealth Management now owns 176 shares of the software maker’s stock valued at $25,000 after purchasing an additional 169 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in MicroStrategy by 66.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 88 shares of the software maker’s stock valued at $25,000 after purchasing an additional 35 shares during the period. DT Investment Partners LLC purchased a new stake in shares of MicroStrategy in the first quarter valued at approximately $25,000. Ridgewood Investments LLC acquired a new position in shares of MicroStrategy during the 1st quarter worth approximately $29,000. Finally, Heritage Wealth Management LLC lifted its position in shares of MicroStrategy by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the software maker’s stock valued at $31,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 50.36% of the company’s stock.

MicroStrategy Company Profile

(Get Free Report)

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.