Analysts Set MicroStrategy Incorporated (NASDAQ:MSTR) Price Target at $208.75

MicroStrategy Incorporated (NASDAQ:MSTR) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $212.50.

A number of research firms have commented on MSTR. Benchmark raised their target price on shares of MicroStrategy from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen lifted their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Sanford C. Bernstein reduced their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Barclays lifted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock.

MicroStrategy Price Performance

NASDAQ MSTR opened at $215.86 on Friday. MicroStrategy has a 12 month low of $32.81 and a 12 month high of $227.15. The stock has a market cap of $38.29 billion, a price-to-earnings ratio of -32.22 and a beta of 3.11. The company’s 50 day moving average is $151.88 and its two-hundred day moving average is $147.65. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the previous year, the business posted $0.15 EPS. MicroStrategy’s revenue was down 7.4% on a year-over-year basis.

Insider Buying and Selling

In related news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 hyperlink. Also, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction 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 transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,838 shares of company stock worth $13,950,265. Insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. UMB Bank n.a. boosted its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC boosted its stake in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of MicroStrategy during the second quarter valued at $37,000. 72.03% of the stock is 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.