MicroStrategy (NASDAQ:MSTR) Shares Gap Up – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price gapped up before the market opened on Monday . The stock had previously closed at $255.43, but opened at $293.15. MicroStrategy shares last traded at $270.08, with a volume of 10,460,784 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on MSTR shares. BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Trading Up 12.1 %

The firm has a market cap of $79.41 billion, a P/E ratio of -54.78 and a beta of 3.25. 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 stock has a fifty day simple moving average of $328.15 and a 200 day simple moving average of $275.23.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate 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 Investors Weigh In On MicroStrategy

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