MicroStrategy (NASDAQ:MSTR) Now Covered by Analysts at Maxim Group

Maxim Group began coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research report released on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $1,835.00 price objective on the software maker’s stock.

MSTR has been the topic of a number of other reports. StockNews.com raised MicroStrategy to a sell rating in a research report on Monday, March 18th. Benchmark reissued a buy rating and set a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. BTIG Research upped their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a buy rating in a research report on Friday, April 5th. Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research report on Friday, June 14th. Finally, Canaccord Genuity Group dropped their price target on MicroStrategy from $2,047.00 to $1,826.00 and set a buy rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $2,017.67.

MicroStrategy Trading Up 9.0 %

Shares of MicroStrategy stock opened at $1,495.74 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of -223.24 and a beta of 3.08. The business has a fifty day simple moving average of $1,431.07 and a 200-day simple moving average of $1,110.36. MicroStrategy has a fifty-two week low of $301.08 and a fifty-two week high of $1,999.99.

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

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $1,638.91, for a total transaction of $8,194,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 40,856 shares of company stock worth $59,250,731. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

Several hedge funds have recently added to or reduced their stakes in MSTR. Rhumbline Advisers boosted its stake in MicroStrategy by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 17,139 shares of the software maker’s stock valued at $5,626,000 after purchasing an additional 476 shares during the period. Hsbc Holdings PLC boosted its stake in MicroStrategy by 34.4% during the 3rd quarter. Hsbc Holdings PLC now owns 5,865 shares of the software maker’s stock valued at $1,924,000 after purchasing an additional 1,500 shares during the period. LPL Financial LLC boosted its stake in MicroStrategy by 12.6% during the 3rd quarter. LPL Financial LLC now owns 27,845 shares of the software maker’s stock valued at $9,141,000 after purchasing an additional 3,105 shares during the period. Stifel Financial Corp boosted its stake in MicroStrategy by 140.6% during the 3rd quarter. Stifel Financial Corp now owns 5,670 shares of the software maker’s stock valued at $1,861,000 after purchasing an additional 3,313 shares during the period. Finally, Northern Trust Corp boosted its stake 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 purchasing an additional 2,248 shares during the period. 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.