MicroStrategy Incorporated (NASDAQ:MSTR) shares were up 17.8% on Thursday following a better than expected earnings announcement, Market Beat reports. The stock traded as high as $173.77 and last traded at $167.78, with a volume of 497,286 shares traded. The stock had previously closed at $142.39.

The company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $2.19 by $1.19. The company had revenue of $143.50 million for the quarter, compared to analyst estimates of $140.62 million. MicroStrategy’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share.

Several equities research analysts have weighed in on the company. Brean Capital reaffirmed a “hold” rating on shares of MicroStrategy in a research report on Wednesday, January 20th. Deutsche Bank cut their price target on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, January 11th. Zacks Investment Research raised MicroStrategy from a “hold” rating to a “strong-buy” rating and set a $195.00 price target on the stock in a research report on Thursday, January 7th. Mizuho assumed coverage on MicroStrategy in a research report on Thursday, December 10th. They set a “buy” rating and a $200.00 price target on the stock. Finally, SunTrust cut their price target on MicroStrategy from $290.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. MicroStrategy has a consensus rating of “Buy” and a consensus target price of $212.83.

A number of hedge funds and institutional investors recently modified their holdings of MSTR. Acadian Asset Management raised its position in shares of MicroStrategy by 220.2% in the fourth quarter. Acadian Asset Management now owns 195,880 shares of the company’s stock worth $35,117,000 after buying an additional 134,707 shares in the last quarter. Emerald Advisers Inc. PA raised its position in shares of MicroStrategy by 39.3% in the fourth quarter. Emerald Advisers Inc. PA now owns 184,883 shares of the company’s stock worth $33,148,000 after buying an additional 52,182 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of MicroStrategy by 46.1% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 176,515 shares of the company’s stock worth $31,647,000 after buying an additional 55,713 shares in the last quarter. Russell Frank Co raised its position in shares of MicroStrategy by 18.3% in the fourth quarter. Russell Frank Co now owns 25,787 shares of the company’s stock worth $4,614,000 after buying an additional 3,991 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of MicroStrategy by 123.2% in the fourth quarter. Capital Fund Management S.A. now owns 6,402 shares of the company’s stock worth $1,148,000 after buying an additional 3,534 shares in the last quarter.

The company has a market cap of $1.91 billion and a PE ratio of 21.63. The firm’s 50-day moving average price is $164.82 and its 200 day moving average price is $186.43.

MicroStrategy Incorporated is a provider of enterprise-ready analytics, mobile, and security software platforms. The MicroStrategy Analytics Platform provides organizations to analyze vast amounts of data and distribute actionable business insight throughout an enterprise through two offerings: MicroStrategy Analytics Platform and MicroStrategy Analytics Desktop. The Company’s MicroStrategy Analytics Platform delivers reports and dashboards, and provides users to conduct ad hoc analysis and share insights anywhere, anytime, through mobile devices or the Web. The MicroStrategy Analytics Platform is integrated with MicroStrategy Analytics Desktop, a standalone desktop tool that provides business users to analyze and understand their data. The Company’s services consists of various services lines, including MicroStrategy technology services, MicroStrategy professional services and MicroStrategy education services.

12 Month Chart for NASDAQ:MSTR

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