MicroStrategy (NASDAQ:MSTR) Upgraded to Strong-Buy by Sanford C. Bernstein

MicroStrategy (NASDAQ:MSTR) was upgraded by research analysts at Sanford C. Bernstein to a “strong-buy” rating in a note issued to investors on Friday, Zacks.com reports.

MSTR has been the subject of several other reports. Canaccord Genuity Group boosted their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen reduced their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. BTIG Research boosted their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com raised MicroStrategy to a “sell” rating in a report on Monday, March 18th. Finally, Benchmark reissued a “buy” rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2,012.40.

MicroStrategy Stock Up 0.8 %

Shares of NASDAQ MSTR opened at $1,507.26 on Friday. The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of -224.96 and a beta of 3.08. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day moving average of $1,428.63 and a two-hundred day moving average of $1,065.60. MicroStrategy has a 1 year low of $289.69 and a 1 year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1,630.88, for a total transaction of $8,154,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1,630.88, for a total value of $8,154,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. Insiders sold a total of 47,740 shares of company stock valued at $71,094,574 in the last ninety days. Insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently bought and sold shares of the stock. Capital International Investors grew its holdings in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares during the last quarter. Vanguard Group Inc. grew its holdings in MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after buying an additional 401,071 shares during the last quarter. Norges Bank acquired a new stake in MicroStrategy during the 4th quarter valued at $70,990,000. Northern Trust Corp grew its holdings in MicroStrategy by 2.1% during the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock valued at $35,479,000 after buying an additional 2,248 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MicroStrategy by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after purchasing an additional 6,272 shares during the period. Institutional investors and hedge funds 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.