MicroStrategy (NASDAQ:MSTR) Shares Gap Up to $1,208.16

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped up prior to trading on Friday . The stock had previously closed at $1,208.16, but opened at $1,237.00. MicroStrategy shares last traded at $1,239.49, with a volume of 255,433 shares.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a report on Thursday, March 28th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. Benchmark boosted their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a “buy” rating in a report on Monday, April 8th. BTIG Research boosted their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, TD Cowen cut their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,473.00.

MicroStrategy Price Performance

The company’s 50-day moving average price is $1,294.00 and its two-hundred day moving average price is $776.74. The company has a market cap of $19.92 billion, a P/E ratio of 41.66 and a beta of 2.89. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.01.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The company had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 2,482 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $1,218.09, for a total value of $3,023,299.38. Following the completion of the sale, the chairman now owns 2,482 shares of the company’s stock, valued at approximately $3,023,299.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Michael J. Saylor sold 2,482 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $1,218.09, for a total transaction of $3,023,299.38. Following the completion of the sale, the chairman now owns 2,482 shares of the company’s stock, valued at approximately $3,023,299.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jarrod M. Patten sold 275 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,733 shares of company stock valued at $116,334,332. Insiders own 20.79% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently modified their holdings of MSTR. ST Germain D J Co. Inc. bought a new stake in shares of MicroStrategy during the 1st quarter valued at about $29,000. Principal Securities Inc. acquired a new position in MicroStrategy during the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its stake in MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the period. Rise Advisors LLC boosted its stake in MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, GPS Wealth Strategies Group LLC acquired a new position in MicroStrategy during the 3rd quarter valued at about $37,000. Institutional investors own 72.03% 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.