MicroStrategy (NASDAQ:MSTR) PT Raised to $245.00

MicroStrategy (NASDAQ:MSTR) had its price objective raised by equities researchers at Benchmark from $215.00 to $245.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Benchmark’s price objective points to a potential upside of 13.50% from the stock’s current price.

Several other equities analysts have also issued reports on the company. TD Cowen lifted their target price on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Sanford C. Bernstein lowered their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Barclays raised their price target on MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Maxim Group raised their price target on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.50.

MicroStrategy Price Performance

MSTR opened at $215.86 on Friday. The business’s 50-day moving average is $151.88 and its two-hundred day moving average is $147.65. MicroStrategy has a 1 year low of $32.81 and a 1 year high of $227.15. 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 capitalization of $38.29 billion, a PE ratio of -32.22 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $111.44 million during the quarter, compared to analysts’ expectations of $121.99 million. During the same quarter last year, the firm earned $0.15 EPS. MicroStrategy’s revenue for the quarter was down 7.4% on a year-over-year basis.

Insider Activity at MicroStrategy

In related news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’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 value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares in the last quarter. GAMMA Investing LLC increased its position in shares of MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares in the last quarter. Cigna Investments Inc. New increased its position in shares of MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after purchasing an additional 8 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares in the last quarter. Finally, Dakota Wealth Management increased its position in shares of MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other 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.