MicroStrategy Incorporated (NASDAQ:MSTR) experienced a notable 3.8% mid-day trading surge on Tuesday, reaching a high of $383.84 before settling at $381.12. Trading volume stood at 3.4 million shares, significantly below the average session volume of 17.9 million shares. This movement follows a previous closing price of $367.18.
Key Financial Metrics and Analyst Ratings
- Current Ratio: 0.66
- Quick Ratio: 0.66
- Debt-to-Equity Ratio: 0.25
- 50-Day Moving Average: $380.54
- 200-Day Moving Average: $341.55
- Market Cap: $105.12 billion
- P/E Ratio: -17.63
- Beta: 3.73
Recent Analyst Actions:
- Cantor Fitzgerald: Maintained "Hold" (May 2024)
- Barclays: Reiterated "Hold" (May 2024)
- HC Wainwright: Initiated "Buy" with $480 target (April 2024)
- BTIG Research: Reaffirmed "Buy" (May 2024)
- Monness Crespi & Hardt: Downgraded to "Sell" with $220 target (April 2024)
Consensus: Moderate Buy rating with average price target of $514.42 across 13 analysts.
Quarterly Performance Highlights
- EPS: ($16.49) vs. expected ($0.02)
- Revenue: $111.07 million (down 3.6% YoY)
- Return on Equity: -37.64%
- Net Margin: -1,160.72%
Insider and Institutional Activity
Notable Insider Transactions:
- Jarrod M. Patten (Director): Sold 1,100 shares at $427 (May 2024)
- Phong Le (CEO): Sold 5,295 shares at $374.54 (June 2024)
Institutional Holdings:
- 59.84% of shares owned by institutions
- Norges Bank: $523.98 million position (Q4 2023)
- Amundi: +262.8% stake increase to 570,217 shares
- First Trust Advisors: +266.1% to 417,574 shares
Company Overview
MicroStrategy provides AI-powered enterprise analytics software globally, including:
- Strategy ONE: Platform for non-technical users
- Strategy Cloud for Government: Compliance-focused threat monitoring
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FAQ Section
Why did MicroStrategy shares rise?
The 3.8% gain reflects positive analyst sentiment and institutional accumulation, particularly after HC Wainwright's $480 price target.
What are MicroStrategy's financial challenges?
Negative EPS (-$16.49) and declining revenue (-3.6% YoY) highlight profitability struggles despite growth in Bitcoin holdings.
How significant is insider selling?
Recent sales by directors and executives represent 10–17% reductions in their positions, though insiders still hold 8.46% of shares.