MicroStrategy (NASDAQ:MSTR) Shares Up 1.7% on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shot up 1.7% on Monday after TD Cowen raised their price target on the stock from $392.00 to $525.00. TD Cowen currently has a buy rating on the stock. MicroStrategy traded as high as $440.75 and last traded at $429.15. 18,198,453 shares were traded during trading, an increase of 0% from the average session volume of 18,159,674 shares. The stock had previously closed at $421.88.

Several other equities analysts also recently weighed in on the company. Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday. Benchmark raised their price objective on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday. Sanford C. Bernstein raised their price objective on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. Finally, BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy during the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC grew its position in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares in the last quarter. Signaturefd LLC grew its position in shares of MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the 2nd quarter worth approximately $106,000. Finally, Larson Financial Group LLC grew its position in shares of MicroStrategy by 72.3% in the 2nd quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Trading Down 4.4 %

The company has a market cap of $81.76 billion, a price-to-earnings ratio of -191.48 and a beta of 3.05. The firm has a 50-day moving average price of $239.06 and a 200 day moving average price of $178.58. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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