BTIG Research Increases MicroStrategy (NASDAQ:MSTR) Price Target to $240.00

MicroStrategy (NASDAQ:MSTR) had its price objective hoisted by analysts at BTIG Research from $180.00 to $240.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s target price would suggest a potential upside of 9.24% from the company’s previous close.

Several other research analysts have also weighed in on the company. TD Cowen upped their price target on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Benchmark upped their price target on MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group dropped their price target on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Maxim Group upped their price target on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein dropped their price target on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $219.70 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $38.97 billion, a price-to-earnings ratio of -32.79 and a beta of 3.11. The stock’s fifty day simple moving average is $153.63 and its 200 day simple moving average is $147.96. MicroStrategy has a 52-week low of $34.61 and a 52-week high of $227.15.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results 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). The company had revenue of $111.44 million during the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock valued at $13,950,265 in the last three months. Insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several large investors have recently made changes to their positions in MSTR. Claro Advisors LLC bought a new stake in MicroStrategy during the 1st quarter valued at approximately $877,000. BNP Paribas Financial Markets boosted its stake in MicroStrategy by 30.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock valued at $24,331,000 after purchasing an additional 3,333 shares during the period. Miracle Mile Advisors LLC bought a new stake in MicroStrategy during the 1st quarter valued at approximately $228,000. Brookstone Capital Management boosted its stake in MicroStrategy by 107.0% during the 1st quarter. Brookstone Capital Management now owns 708 shares of the software maker’s stock valued at $1,207,000 after purchasing an additional 366 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in MicroStrategy during the 1st quarter valued at approximately $377,000. Institutional investors own 72.03% of the company’s stock.

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.