Brokerages Set MicroStrategy Incorporated (NASDAQ:MSTR) PT at $479.25

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $479.25.

Several analysts recently issued reports on MSTR shares. Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark lifted their price target on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group increased their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in MicroStrategy during the second quarter worth about $106,000. Larson Financial Group LLC increased its stake in MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after acquiring an additional 34 shares during the period. Semmax Financial Advisors Inc. raised its holdings in MicroStrategy by 900.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock valued at $138,000 after acquiring an additional 90 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Trading Up 13.2 %

NASDAQ:MSTR opened at $339.66 on Wednesday. The stock has a market cap of $81.40 billion, a PE ratio of -161.20 and a beta of 3.17. MicroStrategy has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. 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 stock’s 50-day moving average is $343.44 and its two-hundred day moving average is $219.78.

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

MicroStrategy Company Profile

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.