Stock of The Day: Is Major Move Coming For MicroStrategy Incorporated After This Gap Up?

Stock of The Day: Is Major Move Coming For MicroStrategy Incorporated After This Gap Up?

The stock of MicroStrategy Incorporated (NASDAQ:MSTR) gapped up by $12.05 today and has $250.83 target or 31.00% above today’s $191.47 share price. The 7 months technical chart setup indicates low risk for the $2.21 billion company. The gap was reported on Oct, 28 by Barchart.com. If the $250.83 price target is reached, the company will be worth $685.10M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 10.34% or $17.94 during the last trading session, hitting $191.47. About 459,921 shares traded hands or 270.72% up from the average. MicroStrategy Incorporated (NASDAQ:MSTR) has risen 0.88% since March 28, 2016 and is uptrending. It has underperformed by 3.83% the S&P500.

MicroStrategy Incorporated (NASDAQ:MSTR) Ratings Coverage

Out of 8 analysts covering MicroStrategy (NASDAQ:MSTR), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. MicroStrategy has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, September 11 by Deutsche Bank. On Tuesday, January 12 the stock rating was initiated by Brean Capital with “Hold”. Deutsche Bank maintained the shares of MSTR in a report on Monday, January 11 with “Buy” rating. Mizuho maintained MicroStrategy Incorporated (NASDAQ:MSTR) on Friday, July 29 with “Neutral” rating. As per Monday, April 11, the company rating was initiated by Citigroup. SunTrust upgraded MicroStrategy Incorporated (NASDAQ:MSTR) on Tuesday, August 4 to “Buy” rating. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) has “Market Perform” rating given on Friday, July 29 by JMP Securities. The rating was initiated by Mizuho with “Buy” on Friday, December 11. Lake Street initiated it with “Hold” rating and $210 target price in Monday, October 19 report.

According to Zacks Investment Research, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.89, from 2.03 in 2016Q1. The ratio dropped, as 28 funds sold all MicroStrategy Incorporated shares owned while 51 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 9.24 million shares or 4.61% less from 9.69 million shares in 2016Q1.
Wellington Grp Inc Ltd Liability Partnership has 10,723 shares for 0% of their US portfolio. Wells Fargo & Mn holds 0% or 29,734 shares in its portfolio. Texas Permanent School Fund has 0.02% invested in the company for 7,179 shares. Goldman Sachs Group Inc has invested 0% of its portfolio in MicroStrategy Incorporated (NASDAQ:MSTR). D E Shaw Inc holds 83,250 shares or 0.03% of its portfolio. Principal Fin Group Inc accumulated 68,424 shares or 0.02% of the stock. Citigroup Inc holds 0% of its portfolio in MicroStrategy Incorporated (NASDAQ:MSTR) for 7,398 shares. Trexquant Inv L P, a Connecticut-based fund reported 5,760 shares. Rhumbline Advisers has invested 0.01% of its portfolio in MicroStrategy Incorporated (NASDAQ:MSTR). Blackrock Fund Advsr, a California-based fund reported 622,916 shares. California State Teachers Retirement Systems accumulated 20,019 shares or 0.01% of the stock. Dynamic Management Ltd accumulated 11,518 shares or 0.24% of the stock. Us Commercial Bank De has 0% invested in the company for 315 shares. The Texas-based Automobile Association has invested 0% in MicroStrategy Incorporated (NASDAQ:MSTR). Geode Capital Mngmt Limited has 0.01% invested in the company for 79,065 shares.

More notable recent MicroStrategy Incorporated (NASDAQ:MSTR) news were published by: Fool.com which released: “MicroStrategy Incorporated Earnings Fall on Lower Sales, Forex Losses” on May 02, 2016, also Fool.com with their article: “MicroStrategy Incorporated’s Earnings Soar on Lower Costs” published on January 30, 2016, Prnewswire.com published: “MicroStrategy Desktopâ„¢ Now Available at No Charge” on October 17, 2016. More interesting news about MicroStrategy Incorporated (NASDAQ:MSTR) were released by: Fool.com and their article: “MicroStrategy Inc. Earnings Fall 16%” published on August 05, 2016 as well as Prnewswire.com‘s news article titled: “Stuller, Inc. Shines Brighter with MicroStrategy 10â„¢” with publication date: October 03, 2016.

MSTR Company Profile

MicroStrategy Incorporated (MicroStrategy), incorporated on November 17, 1989, is a well-known provider of enterprise software platforms. The Firm is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud. MicroStrategy’s enterprise platform combines traditional business intelligence functionality with data discovery, mobile analytics and enterprise security. MicroStrategy 10 consists of MicroStrategy Analytics, MicroStrategy Mobile and Usher.

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