TD Cowen Increases MicroStrategy (NASDAQ:MSTR) Price Target to $200.00

MicroStrategy (NASDAQ:MSTR) had its target price hoisted by stock analysts at TD Cowen from $195.00 to $200.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. TD Cowen’s target price indicates a potential upside of 36.46% from the stock’s current price.

Several other research firms have also weighed in on MSTR. Benchmark raised their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Canaccord Genuity Group reduced their price objective on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Barclays started coverage on shares of MicroStrategy in a research note on Friday, September 6th. They issued an “overweight” rating and a $146.00 target price for the company. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $198.75.

MicroStrategy Stock Performance

Shares of MSTR traded up $1.78 on Monday, reaching $146.56. 1,184,521 shares of the stock traded hands, compared to its average volume of 16,312,970. The stock’s 50-day moving average price is $142.47 and its 200-day moving average price is $145.12. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of -21.87 and a beta of 3.10. MicroStrategy has a 12 month low of $30.71 and a 12 month high of $200.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The business had revenue of $111.44 million during the quarter, compared to analyst estimates of $121.99 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock worth $13,950,265 in the last three months. Insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors have recently added to or reduced their stakes in MSTR. Newbridge Financial Services Group Inc. grew its position in shares of MicroStrategy by 10.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after purchasing an additional 87 shares in the last quarter. Sanctuary Advisors LLC bought a new position in MicroStrategy during the 2nd quarter worth $553,000. Gordian Capital Singapore Pte Ltd lifted its position in shares of MicroStrategy by 2,416.7% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the software maker’s stock valued at $208,000 after acquiring an additional 145 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MicroStrategy during the 2nd quarter worth $106,000. Finally, SRN Advisors LLC raised its stake in MicroStrategy by 16.1% in the second quarter. SRN Advisors LLC now owns 2,122 shares of the software maker’s stock valued at $2,923,000 after purchasing an additional 294 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

About MicroStrategy

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.