Analysts Set MicroStrategy Incorporated (NASDAQ:MSTR) Target Price at $479.25

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $479.25.

A number of research firms have commented on MSTR. Sanford C. Bernstein lifted their target price on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Benchmark boosted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday, November 25th.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

A number of large investors have recently made changes to their positions in MSTR. US Bancorp DE lifted its holdings in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares in the last quarter. Freedom Investment Management Inc. purchased a new position in shares of MicroStrategy in the third quarter worth $737,000. Vinva Investment Management Ltd purchased a new position in shares of MicroStrategy in the third quarter worth $246,000. Hartline Investment Corp lifted its holdings in shares of MicroStrategy by 1,064.6% in the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after buying an additional 4,865 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of MicroStrategy by 900.0% in the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after buying an additional 220,500 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

MSTR stock opened at $365.34 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day moving average price of $285.16 and a 200 day moving average price of $195.08. MicroStrategy has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The stock has a market capitalization of $74.03 billion, a PE ratio of -173.39 and a beta of 3.17.

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

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.