MicroStrategy (NASDAQ:MSTR) Shares Up 0.5% After Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 0.5% during mid-day trading on Monday after Barclays raised their price target on the stock from $225.00 to $275.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as high as $231.55 and last traded at $230.87. 4,355,976 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 16,573,545 shares. The stock had previously closed at $229.71.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group upped their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. Sanford C. Bernstein cut their target price 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. TD Cowen boosted their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Maxim Group increased their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average target price of $271.13.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm’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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Phong Le sold 48,838 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. 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 90 days. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in shares of MicroStrategy by 30.5% during the first quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock worth $24,331,000 after purchasing an additional 3,333 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in MicroStrategy in the first quarter valued at $377,000. Jennison Associates LLC acquired a new position in shares of MicroStrategy in the first quarter worth about $806,000. Janney Montgomery Scott LLC raised its position in shares of MicroStrategy by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after acquiring an additional 464 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of MicroStrategy during the 1st quarter worth about $895,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Down 2.9 %

The stock has a market cap of $39.55 billion, a PE ratio of -105.83 and a beta of 3.05. The company has a 50 day moving average of $171.91 and a two-hundred day moving average of $154.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($8.98) EPS.

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.